During the first stage of alliance formation,a firm decides whether growth can be achieved strictly through market transactions,acquisitions,or alliances.

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During the first stage of alliance formation, firms assess their growth potential and consider various options including market transactions, acquisitions, or alliances. They evaluate whether alliances would be the most effective and efficient way to achieve their strategic goals before moving on to the next stage of alliance formation.

During the First Stage of Alliance Formation,a Firm Decides Whether