The given statement exists true. An agreement between two or more parties to achieve a certain set of agreed-upon goals while still operating as autonomous organizations are known as a strategic alliance.
A strategic alliance is an agreement between two businesses to work together on a project that will benefit both parties while maintaining their individual freedom. Compared to a joint venture, which involves two companies pooling resources to form a new business organization, the arrangement is less intricate and legally enforceable.
Strategic alliances are not a fix-all for every business and circumstance. However, through strategic alliances, businesses can strengthen their market position, enter new markets, add necessary talents, and split the cost and risk of large-scale development initiatives.
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