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This video tutorial explores the concept of strategic alliances in the business world, highlighting how firms form partnerships to enhance their strengths or compensate for weaknesses. Strategic alliances involve voluntary arrangements between firms to share knowledge, resources, and capabilities for developing processes, products, or services. The use of strategic alliances as part of corporate strategy has significantly increased in recent decades. The video aims to discuss the importance of strategic alliances, reasons for firms to form them, and major types of strategic alliances through real business world examples.
