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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

strategic alliance  

Definition 1.

An agreement between two or more individuals or entities stating that the involved parties will act in a certain way in order to achieve a common goal. Strategic alliances usually make sense when the parties involved have complementary strengths.
 

Definition 2.

An arrangement between two companies who have decided to share resources in a specific project.
 
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