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A strategic alliance is a partnership between two independent companies that work together to achieve a shared goal or objective more effectively. Unlike a supplier relationship, which involves a one-way monetary exchange for goods or services, a strategic alliance features a mutual financial investment from both parties. For example, if one company considers installing solar panels on a shared corporate building, both companies may benefit from the investment and could collaborate to fund the project. This collaboration highlights the essence of strategic alliances, emphasizing cooperation for a common purpose rather than a simple vendor-client interaction.