Strategic alliance

Strategic alliance,

Definition of Strategic alliance:

  1. Agreement for cooperation among two or more independent firms to work together toward common objectives. Unlike in a joint venture, firms in a strategic alliance do not form a new entity to further their aims but collaborate while remaining apart and distinct.

  2. A strategic alliance is an arrangement between two companies to undertake a mutually beneficial project while each retains its independence. The agreement is less complex and less binding than a joint venture, in which two businesses pool resources to create a separate business entity.

  3. A company may enter into a strategic alliance to expand into a new market, improve its product line, or develop an edge over a competitor. The arrangement allows two businesses to work toward a common goal that will benefit both.

How to use Strategic alliance in a sentence?

  1. A strategic alliance is an arrangement between two companies that have decided to share resources to undertake a specific, mutually beneficial project.
  2. Strategic alliances allow two organizations, individuals or other entities to work toward common or correlating goals.
  3. You may need to make a strategic alliance with another business if you think it can help out your long term goals.
  4. The strategic alliance engaged in by the market players was of vital importance for us to understand in order to succeed.
  5. A strategic alliance agreement could help a company develop a more effective process.
  6. We formed a strategic alliance that we all thought would benefit both companies in the future and make us rich.

Meaning of Strategic alliance & Strategic alliance Definition