alliance

(noun)

The state of being allied; the act of allying or uniting; a union or connection of interests between families, states, parties, etc.

Examples of alliance in the following topics:

  • Cooperative Strategy

    • The alliance is a cooperation or collaboration that aims for a synergy where each partner hopes that the benefits from the alliance will be greater than those from individual efforts.
    • Strategic Alliances and Interfirm Knowledge Transfer.
    • The following steps highlight key aspects of the strategic alliance process:
    • It requires aligning alliance objectives with the overall corporate strategy.
    • Alliance operations comprise addressing senior management's commitment; finding the caliber of resources devoted to the alliance; linking budgets and resources to strategic priorities; measuring and rewarding alliance performance; and assessing the performance and results of the alliance.

  • Combining Internal and External Analyses

    • These actions can be supported by decentralized structures, local autonomy, and strategic alliances.

  • Implementing Strategy

  • External Stakeholders

    • Suppliers and other strategic alliances are interdependent, where the success of one will impact the success of another.

  • Consolidation Strategy

    • M&A is different from joint ventures and other forms of strategic alliance, as mergers or acquisitions aim to create a single organization.