Strategic Alliance is a significant long/term
p
artnershi
p
and collaborative agreement enteredinto b
y
two or more com
p
anies to
p
ursue a set of agreed u
p
on critical goals while remaining (legall
y)
inde
p
endent organizations.
T
hese collaborations can come in man
y
sha
p
esand sizes, including contractual and equit
y
forms.It normall
y
is a s
y
nergistic arrangement whereb
y
the
p
artici
p
ating organizations each bringsdifferent strengths and ca
p
abilities to the alliance.