What are the risks associated with strategic alliances?
Strategic alliances can pose several risks, including misalignment of goals, cultural clashes, and dependency on partners.
Can you elaborate on cultural clashes?
Cultural clashes occur when partners have different values, work ethics, or communication styles, leading to misunderstandings.
How can companies mitigate these risks?
Companies can mitigate risks by conducting thorough due diligence, establishing clear communication, and setting shared objectives.
Are there any examples of failed strategic alliances?
Yes, notable examples include the merger between Daimler-Benz and Chrysler, which faced significant cultural and operational challenges.
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