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Finally, key to a successful alliance is a strong relationship between the partners supported by mutual trust and commitment. A good contract is no substitute for a good relationship.
Expert-Verified Answer. The government forces the alliance to shut down due to monopoly concerns. This is a major problem for between 30% and 70% of all strategic alliances.
Strategic alliances let two (or three or four) companies share each other's strengths. For example, a convenience store might form an alliance with a fuel company to create a one-stop gas station. Together, these companies can pull in a larger number of customers and benefit from complementary sales activities.
Though many strategic alliances are not the same, each is rooting in common steps outlined below. Brainstorm Potential Partners. Often, strategic alliances exist between companies in different industries. ... Outline Alliance Proposals. ... Determine Goals. ... Devise the Plan.
Hedge against uncertainty What is a major problem for between 30% and 70% of all strategic alliances? At least one partner in the alliance considers the venture to be a failure.