Firms participate in strategic alliances for all the following reasons EXCEPT to

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Strategic alliances are formed to achieve mutually beneficial goals by collaborating with other firms. One of the main reasons for such collaborations is to gain access to resources and competencies that a firm may lack. Thus, firms form strategic alliances to enter markets more quickly, acquire technology, and create values they could not develop acting independently. However, forming alliances may require firms to share their intangible core competencies, and this may result in a loss of control over their unique resources. Therefore, firms may not form strategic alliances if they want to retain tight control over their intangible core competencies.

Firms Participate in Strategic Alliances for All the Following Reasons