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In this video tutorial on Business School 101, the speaker explores the concept of strategic alliances in the business world. Strategic alliances are defined as voluntary arrangements between firms that involve sharing knowledge, resources, and capabilities to develop processes, products, or services. The tutorial discusses the increasing trend of companies forming these alliances to enhance strengths or address weaknesses. Key questions addressed include the purpose of strategic alliances, their major types, and notable real-world examples. The speaker emphasizes the significant rise in the use of strategic alliances to implement corporate strategies over recent decades.