Strategic Alliance Issues

To begin, strategic alliances consist of two or more organizations that merge together resources and talents to achieve a common goal, which otherwise cannot be done in a single organization (Judge & Ryman, 2001). The issues facing strategic alliances can impact production and success within the alliances. These issues can include cross-cultural concerns, diversity, values, ethics, leadership, and teamwork. Many organizations face unique challenges of strategic alliances considering the strategic alliance to be a contractual agreement. The contractual agreements exist to impart precise responsibilities for each firm and the governance of the alliance (Judge & Ryman, 2001).

© SolutionLibrary Inc. solutionlibary.com September 25, 2020, 12:08 am 9836dcf9d7 https://solutionlibrary.com/business/business-philosophy-and-ethics/strategic-alliance-issues-j642