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"Welcome to Business School 101. Strategic alliances are partnerships between firms to share resources and capabilities. Companies form alliances to enhance strengths or compensate for weaknesses. They can develop processes, products, or services together. The use of strategic alliances has grown in recent decades. Examples include Starbucks in Target stores and BMW posters in Louis Vuitton stores. In this video, we explore what strategic alliances are, why firms choose to form them, and famous real-world examples."