Discuss some of the challenges that managers must overcome in making strategic alliances successful.What are some strategic alliances with which you are familiar?

Principles of Management
OER 2019th Edition
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax
Chapter8: Strategic Analysis: Understanding A Firm’s Competitive Environment
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Problem 9CRQ: What do strategic group members have in common with each other? What impact do firms outside a...
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Discuss some of the challenges that managers must overcome in making strategic alliances successful.What are some strategic alliances with which you are familiar?

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In strategic relationships, there are obstacles to overcome. Choosing the Best Partner: The goal of a strategic alliance is to take advantage of the strengths of the partner company while also developing one's own market and demand. As a result, finding the proper sort of partner who can assist the business growth objectives in the right direction is critical. It is necessary to select a company partner whose products are complementary to one's own.

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