Which of the following best describes a strategic alliance?
A) It is a long-term partnership between two organizations designed to accomplish the strategic goals of both parties.
B) It is a collaboration of two different departments within an organization in order to implement the organization's strategic plan.
C) It is a team consisting of members from different functional areas of the organization that work together to solve a strategic issue.
D) It is an alliance with experts outside an organization who are called in to help the organization generate new product ideas.

Question

Quizplus · Accepted Answer

A strategic alliance is a long-term partnership between two organizations designed to accomplish the strategic goals of both parties. It involves sharing resources, knowledge, and capabilities to achieve mutually beneficial outcomes. This can include joint ventures, licensing agreements, and other forms of collaboration between companies.

Which of the Following Best Describes a Strategic Alliance