How would you ideate, scope and execute a new partnership (partner) for Facebook Marketing Partners Program?

I understand the task and will provide a detailed, strategic answer to the question about ideating, scoping, and executing a new partnership for Facebook Marketing Partners Program. I'll use a first-person perspective and structure the response according to the guidelines provided. Here's my response:

Introduction

The strategic challenge at hand is to ideate, scope, and execute a new partnership for the Facebook Marketing Partners Program. This initiative is crucial for expanding our ecosystem, enhancing our value proposition to advertisers, and maintaining our competitive edge in the digital advertising landscape.

Our key business objectives for this partnership strategy include:

1. Expanding our capabilities to serve advertisers more effectively
2. Increasing platform adoption and engagement
3. Driving revenue growth through enhanced advertiser success

To address this challenge, I'll walk you through a comprehensive approach that covers market analysis, partnership strategy, execution planning, and performance measurement.

Step 1

Clarify the Strategic Goals (3-4 minutes)

Before diving into the solution, I'd like to align on some key strategic aspects:

• Based on the current market dynamics, I'm sensing that we're in a phase where we need to balance growth with ecosystem quality. Could you help me understand where we are in terms of our partner program's maturity and how that aligns with Facebook's current strategic priorities?

Why it matters: This determines whether we focus on rapid expansion or selective, high-quality partnerships. Expected answer: Mid-maturity stage, focusing on quality partnerships that drive significant value. Impact on approach: Would prioritize strategic fit and potential impact over sheer volume of new partners.

• Considering the evolving needs of advertisers, I'm curious about our current gaps in capabilities or services. Are there specific advertiser segments or emerging advertising technologies that we're particularly keen to address through new partnerships?

Why it matters: Helps focus our partnership strategy on areas of highest impact. Expected answer: Targeting emerging technologies like AI-driven creative optimization and cross-channel attribution. Impact on approach: Would prioritize partners with cutting-edge technologies in these areas.

• Looking at our competitive landscape, I'm wondering about the balance between differentiation and parity features in our partner program. How important is it for us to offer unique capabilities versus ensuring we match or exceed competitor offerings?

Why it matters: Guides our approach to partner selection and program positioning. Expected answer: Focus on differentiation in key strategic areas while maintaining parity in core functionalities. Impact on approach: Would seek partners that offer unique, high-value capabilities not easily replicable by competitors.

Based on these insights, I'll proceed with the following key assumptions:

1. We're prioritizing high-impact, strategic partnerships over volume.
2. There's a focus on emerging technologies, particularly in AI and cross-channel capabilities.
3. We aim to differentiate our program through unique partner offerings while maintaining competitive parity in core areas.