Menu
Elaine Allan
  • About
Elaine Allan

Strategic Alliances

Posted on July 4, 2021July 4, 2021

Global Industries

With the growth and expansion of global corporations and the inherent demands of global sourcing, strategic alliances have become an essential business practice for most transnational companies.

What are Strategic Alliances?

Strategic alliances are basically partnerships of two or more businesses that work together to achieve mutually beneficial goals.  These partnerships are formed to establish and maintain long-term market control over competitors.  Alliances allow partners to share risk, resources, acquire learning and obtain access to key markets.

Four Motivations for Strategic Alliances

There are four primary motivations for companies to create strategic alliances. 

First Motivation

The first motivation is to pool resources to develop new business products and services.

Second Motivation

The second motivation is to minimize risk by sharing costs with a strategic partner.

Third Motivation

The third motivation is to set up a learning environment with your team so that you can learn and develop by working with the other members of the alliance. Shared knowledge is a powerful motivator for companies to create strategic alliances.

Fourth Motivation

The fourth motivation is to create a market advantage vis-a-vie alliances of business partnerships that might otherwise be competitors in the marketplace.

Elaine Allan, BA, MBA

Technology & Business Blogger

Vancouver, BC, Canada

Share on Social Media
twitter facebook pinterest linkedin tumblr reddit emailwhatsapp

Related

Sign Up for Newsletter




/

( mm / dd )


Recent Posts

  • Thank you!

    Thank you!

    October 24, 2022
  • Danielle Smith's Proposed Alberta Sovereignty Act

    Danielle Smith's Proposed Alberta Sovereignty Act

    October 23, 2022
  • A Champion for Vulnerable Women on the Downtown Eastside by John N. Ahern

    A Champion for Vulnerable Women on the Downtown Eastside by John N. Ahern

    October 23, 2022
  • Hon. KerryLynne D. Findlay, KC, PC (Endorsement)

    Hon. KerryLynne D. Findlay, KC, PC (Endorsement)

    October 12, 2022
  • Doxxed by City Hall

    Doxxed by City Hall

    September 17, 2022

Tags

Daryl F. Zanuck Google head of 20th Century Fox in 1946 Internet Social Media The importance of buyers
Follow us on Social Media
twitter

Contact Me

I want to hear from you.

Elaine@ElaineAllan.com

 

Privacy Policy

Meta

  • Register
  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org
© 2022 - Elaine Allan Technology & Business Blog