Strategic relations refer to the relationships that an organization has with other entities that are important to its success. These entities can include stakeholders such as customers, suppliers, employees, shareholders, and regulatory bodies, as well as competitors and other organizations within the same industry. In order to build and maintain strong strategic relations, an organization must engage in activities such as communication, collaboration, and negotiation with these entities. The goal is to create mutually beneficial relationships that help the organization achieve its goals and objectives.