Strategic alliance
Strategic alliance is an agreement that stops short of a merger; also called a corporate alliance.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Corporate alliance. A cooperative deal that stops short of a merger; also called a strategic alliance.
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Corporate alliances (strategic alliances). Cooperative deals that stop short of a merger.
According to Management by Robbins and Coulter (14th edition),
- Strategic alliance. A partnership between an organization and foreign company partner(s) in which both share resources and knowledge in developing new products or building production facilities.
According to the HRBoK Guide,
- Strategic alliance. An agreement to cooperate between two organizations. An arrangement between two organizations to pursue common goals and share resources. Unlike a joint venture, the organizations do not form a new legal entity.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
