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Topic: Business
Number of pages / Number of words: 18 / 5029
Essay's paper body

It brings about potential action for sharing the risk related to product development as well as expansion of the knowledge base by various companies thus giving them a better strategic edge in the industry.

There are many factors that have contributed to the greater need for cooperation;

Globalization;

Organizations are no longer competing locally for market share but are now looking at global expansion...


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To compete globally firms require a much larger scope of operations. Local firms usually have the advantage as they understand their market better and at times even governments can be an obstacle to global expansion as a result many organizations form alliances to help them over come these obstacles...


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