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In this Business School 101 tutorial, the speaker discusses strategic alliances, which are voluntary arrangements between firms to share knowledge, resources, and capabilities for developing processes, products, or services. The increasing trend of firms forming strategic alliances aims to enhance strengths or address weaknesses. The video addresses key questions regarding the nature of strategic alliances, reasons for their formation, major types, and notable real-world examples. The speaker notes that the use of strategic alliances to implement corporate strategies has grown significantly in recent years, indicating their importance in today's business landscape.