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strategic alliances  

Definition

  • Strategic alliances (SA) are trading partnerships and new business forms that enable participating firms to achieve strategic objectives beyond their existing capabilities by providing for mutual resource exchanges (technologies, skills, or products). SA involve two or more partner firms that: (1) remain legally independent after the alliance is formed; (2) share benefits and managerial control over the performance of the partnership; and (3) make continuing contributions to the partnership, according to Yoshino and Rangan. [Source: International Encyclopedia of Organization Studies; Strategic Alliances]

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https://concepts.sagepub.com/social-science/concept/strategic_alliances

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