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Assignment on Strategic Alliance Date: 14/09/2020 What do you mean by strategic Alliance? Strategic alliances are arrangements between at least two autonomous organizations to collaborate in the assembling, advancement, or offer of items and administrations, or different business destinations. For instance, in a Strategic alliances , Company A and Company B join their particular assets, capacities, and center capabilities to create shared interests in planning, producing, or circulating products or administrations. Types of Strategic Alliances There are three types of strategic alliances: Joint Venture, Equity Strategic Alliance, and Non-equity Strategic Alliance. Joint Venture A joint venture is established when the parent companies establish a new child company. For example, Company A and Company B (parent companies) can form a joint venture by creating Company C (Child Company). In addition, if Company A and Company B each own 50% of the child company, it is defined as a 50-50 Joint Venture. If Company A owns 70% and Company B own

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