Joint venture
is a strategic alliance
in which two or more firms create a legally independent company to
share some
of their resources and capabilities to develop a competitive advantage.
Equity strategic
alliance
is an alliance in which
two or more firms own different percentages of the company they
have formed by combining some of their resources and capabilities to create a competitive
advantage.
Non-equity strategic
alliance
is an alliance in which
two or more firms develop a contractual-relationship to share some
of their
unique resources and capabilities to create a competitive advantage.
Global Strategic
Alliances
working partnerships
between companies (often more than two) across national boundaries
and
increasingly across industries, sometimes formed between company and a foreign
government, or among companies andgovernments.
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