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Strategic alliances Explain why Strategic alliances was interesting to you. Explain how you might apply Strategic...

Strategic alliances

  • Explain why Strategic alliances was interesting to you.
  • Explain how you might apply Strategic alliances to your business careers, in a specific situation.
  • Explain how a company might benefit from Strategic alliances for their business strategy.
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Answer #1

Strategic alliances are interesting to me because it helps in entering new markets and create a competitive edge for the company.

My passion is mass production of organic oyster mushrooms. I prefer strategic alliances to enter into the foreign market. International business is my ultimate aim hence I would apply strategic alliance to enter into the foreign country for easy access of the international markets.

A company might benefit from Strategic alliances for their business strategy in the following ways:

- Enhances competitive edge for the company

- Economies of scale is achieved if the alliance is of the same industry/sector

- Risks are shared and exploited to get opportunities

- New technological developments are obtained

- New market and its opportunities are explored

- Competition is overcome due to acquiring a larger market share through strategic alliance.

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