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Purpose

This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.

Design/methodology/approach

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings

Strategic alliances are becoming a common practice between organizations in the global economy. They are seen as being able to improve performance and help keep organizations competitive. Bizzi (2017) argues that an integral aspect of forming a strategic alliance is the level of financial slack resource an organization has. The greater the financial headroom, the more likely an organization is to engage on a potentially risky alliance. In a global market place where resources and funding are becoming increasingly scarce, organizations that can have largely unallocated resources can be seen as ideal partners. And the key resource in today’s economy for alliances is finance.

Practical Implications

The paper provides strategic insights and practical thinking that have influenced some of the world’s leading organizations.

Originality/value

The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

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