Search results
Results from the WOW.Com Content Network
A strategic alliance is an agreement between two or more players to share resources or knowledge, to be beneficial to all parties involved. It is a way to supplement internal assets, capabilities and activities, with access to needed resources or processes from outside players such as suppliers, customers, competitors, companies in different industries, brand owners, universities, institutes ...
A strategic partnership will usually fall short of a legal partnership entity, agency, or corporate affiliate relationship. Strategic partnerships can take on various forms from shake hand agreements, contractual cooperation's all the way to equity alliances, either the formation of a joint venture or cross-holdings in each other.
Strategic alliance is a type of cooperative agreements between different firms, such as shared research, formal joint ventures, or minority equity participation. [33] The modern form of strategic alliances is becoming increasingly popular and has three distinguishing characteristics: [34] They are frequently between firms in industrialized nations.
Formally named "Treaty on the Comprehensive Strategic Partnership", the pact takes effect upon ratification unless either side suspends it. Here are some key points of the agreement:
Strategic alliances can lead to new sources of revenues. Cooperation can improve the image of the company. Alliances can improve the capabilities of the company to respond to the changes of the market and changes in the ways of production. Strategic alliances offers opportunities to the company to acquire knowledge and experience. [14]
Business partnering can take the form of a strategic alliance, a buyer-supplier relationship, a joint venture, or a consortium. Firms should pay particular attention to the mechanisms of governance used to organize their partnership. They can rely on a combination of contractual and relational mechanisms. [5]
Differences between partnership and corporation. There are several differences between partnerships and corporations. Key differences include: Corporations establish a separate legal entity ...
In general, partnerships for sustainable development are self-organizing and coordinating alliances. In a more strict definition; they are collaborative arrangements in which actors from two or more spheres of society- whether state, market, and civil society , are involved in a non-hierarchical process through which these actors strive for a ...