Joint Ventures and Strategic Alliances with outside partners

Explain about Joint Ventures and Strategic Alliances with outside partners.

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Joint Ventures and Strategic Alliances with outside Partners are as given here:

1. Joint ventures, Strategic alliances, and other cooperative agreements with distant companies are a favorite and potentially fruitful means for entering an outside market or increase a firm’s competitiveness in world markets.

2. Of late, the number of joint ventures, alliances, and other collaborative efforts has exploded.
Core Concept: Strategic alliances can help companies in globally competitive industries make stronger their competitive positions while still conserving their independence.

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