Business Alliances Essay Example | Topics and Well Written Essays - 250 words

Business Alliances - Essay Example This might result from factors including equity; nationality; relational capabilities; and knowledge and experiences. Alliances usually bring the merging of different firms which have diverse national, cultural backgrounds. Besides, they have different interests and market share. This might result into unequal market share in which some firms enjoy a dominance over others. Therefore, it reaches a point when they need to be dissolved so as to enable each of the partners to part ways (DePamphilis, D., 2008). However, in my opinion, I believe that learning and experience is the most important factor in an alliance. It can have a greater influence in the termination of alliance because it can enable the partnering firms to gain knowledge on modern technology, innovations and current industry trends. However, without knowledge, it might not be easier for any alliance to work. With no knowledge and experience about the market trends, it will not be an easy task to produce goods and services which will satisfy the clients. Therefore, deliberate steps should be taken to ensure that information is sought. Knowledge is a very powerful tool in the success of any business