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In this tutorial of Business School 101, the speaker introduces the concept of strategic alliances in the business world, highlighting their prevalence and significance. Strategic alliances are defined as voluntary arrangements between firms that involve sharing knowledge, resources, and capabilities to develop processes, products, or services. The video explores key questions regarding strategic alliances, such as their definition, reasons for formation, major types, and notable real-world examples. The discussion emphasizes the increasing use of strategic alliances by firms to enhance strengths or mitigate weaknesses, marking a trend that has intensified over recent decades.