strategic alliance

Language: en

📖 Definitions

  1. A formal agreement between two or more parties to pursue a set of agreed-upon objectives while remaining independent organizations, typically involving the sharing of resources, risks, and rewards to achieve mutual strategic goals.; A cooperative arrangement in business or politics where entities collaborate to gain competitive advantages, expand market reach, or pool expertise without merging into a single entity.

💬 Examples

  1. The tech giant announced a strategic alliance with the automotive manufacturer to develop next-generation autonomous driving software.

  2. By forming a strategic alliance with local distributors, the company was able to penetrate emerging markets more effectively.