Business : Discussion Questions

Discussion QuestionsInstitutional AffiliationDateDISCUSSION QUESTIONS2STRATEGIC ALLIANCEA strategic alliance can be formed when a loose agreement is formed between a supplier and anorganization geared towards a common purpose. Alliances can also be formed in a large contextof formal agreements to create a new entity, jointly owned entity or a structure to launch anentrepreneurship activity. The relationship is based on the degree of giving and takes becauseeach party has something to give in return for another (Whited, 2018). However, an experienceof forming a contributing to value relationship between a supplier and an organizationmaterially depends on several aspects of legal and ethical considerations.Legal considerationsLicensing is one of the major legal aspects in alliances which compel one party to pay for theright to use other companys resources such as technology in the products ion process. Therefore,the main idea of working together without being jointly is to create a mutual benefit to theorganization and the supplier. Therefore, in case the supplier wants to use the companysresources, it must be authorized. When the supplier or the organization gains the right to userights such as brand name, resources, and core competencies, this may be described as afranchise.Outsourcing agreements need to be recognized as the companies strive to survive in the longrun. Due to the changing times and processes of the firms, production steps ...


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