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In this video tutorial on "Business School 101," the concept of strategic alliances is introduced. Strategic alliances are voluntary arrangements between firms that focus on sharing knowledge, resources, and capabilities to develop processes, products, or services. The increase in such alliances has been notable in recent years, as companies seek to enhance their strengths or address weaknesses. The tutorial outlines key questions: the definition of strategic alliances, reasons firms form them, major types of alliances, and notable real-world examples. Through this discussion, the tutorial aims to elucidate the role of strategic alliances in modern business strategy.