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In this tutorial from Business School 101, the speaker discusses strategic alliances, highlighting their prevalence in the modern business environment. Strategic alliances are defined as voluntary arrangements between firms that involve sharing knowledge, resources, and capabilities to develop processes, products, or services. The speaker explores the motivations behind forming these alliances, their major types, and offers famous real-world examples. The use of strategic alliances has significantly increased over the past few decades as companies seek to enhance their strengths and compensate for weaknesses. This overview aims to clarify the concept and importance of strategic alliances in business strategy.