Collaborative partnerships and strategic alliances

Explain about the collaborative partnerships and strategic alliances.

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a. During the past decade, companies in all kinds of industries and in all sections of the world have chosen to form strategic alliances and partnerships to complement their personal strategic initiatives and strengthen their competitiveness in international and domestic markets.

b. Globalization of the planet economy, radical advances in technology across a broad front, and unused opportunities in national markets in Latin America, Asia, and Europe that are deregulating, opening up,  and/or experiencing privatization have made partnerships of one type or another integral to rival on a large geographic level.

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