Strategic Alliances

Strategic alliances are distinguished from joint ventures because the companies involved do not take an equity position in one another.

Strategic alliance is a partnership between two or more firms that is developed to achieve a specific goal. In many instances, strategic alliances are partnerships that exist for a defined period during which partners contribute their skills and expertise to a cooperative project.

Alliances with suppliers, partners, contractors, and other providers that allow partners in the alliance to focus on what they do best, farm out everything else, and quickly provide value to the customer.

Share it:  Cite

More from this Section

  • Immediate corrective action
    Immediate corrective action that addresses problems at once to get performance back on ...
  • Organizational capabilities
    Skills (the ability and ways of combining assets, people, and processes) that a company ...
  • Vertical boundaries
    Limitation on interaction , contact, and access between operations and management personnel; ...
  • Laissez-faire style
    Laissez-faire style described a leader who lets the group make decisions and complete ...
  • Global company
    A global company is an international company that centralizes management and other decisions ...