What Are the Pros and Cons of Using Strategic Alliances

question 15

Essay

What are the pros and cons of using strategic alliances to try to enhance a company's ability to compete in foreign markets?

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Definitions:

Protracted Disputes

Conflicts that are extended and difficult to resolve, often becoming entrenched over time due to the complexity of the issues and the emotions involved.

Recurrence Of Conflict

The phenomenon where conflicts re-emerge or continue over time, often due to unresolved issues or persistent underlying causes.

Alternative Dispute Resolution

A range of processes, such as mediation and arbitration, used to resolve conflicts outside of traditional judicial proceedings.

Conciliation

Conciliation is a conflict resolution process where a neutral third-party helps disputing parties to reconcile and reach a mutually satisfactory agreement, often through improving communication and understanding.