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International Management Research Report - Essay Example
Business alliances in today's world aren't a new terminology and organizations are merging into bigger companies in order to achieve new targets and milestones. International business alliances are formed at a bigger level and companies day by day are expanding their approach towards business through this phenomenon…
People believe that all the alliances on international level work efficiently and effectively. However, that's not the case because if certain factors like legal, political, social, customer preferences are not focused efficiently then alliance of any nature might not work effectively.
Organizations are getting bigger and stronger day by day and their area of operations is expanding. Organizations are changing their methodology of working and newer terms like employee empowerment, mergers, acquisitions, motivation and business alliances are changing the conventional methods of working. The span of control is widening up and they are enhancing their profits and entering into newer contracts with the diversified approach. Organizations besides achieving short term targets are stressing on long term objectives too. Since they are expanding therefore they are merging other companies into their own horizon and forming new strategies in order to achieve the overall goal.
An agreement of mutual consent between businesses that initiated for cost reduction, improved service or for any other strategic factor is known as a business alliance. In the current century alliances are considered as a sign of victory and they are treated as an element of growth. ...