Abstract
This paper contributes to the strategic alliance literature by undertaking a literature review of the burgeoning strategic alliance literature published in the last three decades in the mainstream management journals to fulfil two primary objectives. First, to bring a coherent structure into the fairly vast and growing alliance literature and second, to serve as a medium for a holistic understanding of the major life stages of strategic alliances. This is done by first dividing the alliance literature into three distinct yet related alliance life stages namely the pre-alliance stage, alliance formation stage and the alliance management and performance stage, and then by discussing in detail the three alliance stages individually. The paper would be useful for academics as well as practitioners looking to get a holistic understanding of strategic alliances and its three distinct yet related life stages and the key research papers which have been published focussing on each of these alliance stages.
Highlights
Alliances are becoming increasingly critical for firm growth and even survival in the current competitive environment (Musarra et al, 2016)
A significant number of alliances fail to meet their stated objectives. It is imperative for academics and practitioners alike to better understand the key issues in strategic alliances
We provide a coherent structure to the vast alliance literature by dividing the literature into three distinct yet related life stages of an alliance, from the pre-alliance stage to the alliance performance measurement phase
Summary
Alliances are becoming increasingly critical for firm growth and even survival in the current competitive environment (Musarra et al, 2016). Strategic alliances can potentially provide a lot of value to partnering firms. A significant number of alliances fail to meet their stated objectives. It is imperative for academics and practitioners alike to better understand the key issues in strategic alliances. In this context, this paper contributes in two primary ways. We provide a coherent structure to the vast alliance literature by dividing the literature into three distinct yet related life stages of an alliance, from the pre-alliance stage to the alliance performance measurement phase
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