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Welcome to Business School 101. Strategic alliances are voluntary arrangements between firms, sharing knowledge, resources, and capabilities to develop processes, products, or services. These alliances are crucial in today's business world, as firms use them to enhance strengths or compensate for weaknesses. The trend has seen a surge in recent years, with many companies entering strategic alliances. Types of strategic alliances, reasons for forming them, and famous examples from the real world will be covered in this video.
