Final answer:
Strategic alliances can be successful under certain conditions, emphasizing that there is no absolute pattern of success or failure. Such alliances depend on numerous factors and goals, with corporations often forming associations for mutual strength and benefits. Multinationals can bring opportunities to foreign markets, but like alliances, outcomes can vary.
Step-by-step explanation:
Experience indicates that strategic alliances can be successful under certain conditions. It's crucial to recognize that while some alliances may lead to the bankruptcy of firms, others help firms become more competitive. There is no definitive pattern of success or failure when it comes to strategic alliances, as their outcomes can vary widely based on numerous factors, such as the nature of the collaboration, the industries involved, and the specific goals of the alliance.
Competing corporations might join together in an association for several reasons, including the fact that there is strength in numbers and they often have common issues affecting an entire industry. Additionally, they can all benefit from favorable governmental policies, suggesting that strategic alliances and associations are formed with the intent of leveraging collective strength for mutual benefits.
Universal Generalizations in the business world point out that mergers and growth strategies like reinvesting profits can have both positive and negative effects. Similarly, international opportunities brought by multinationals are not guaranteed to be successful but have the potential to introduce significant opportunities in foreign nations.