A Strategic Alliance and A Joint Venture Forms of Partnership Essay – Description
As you are learning, a strategic alliance is an agreement between two or more institutions or organizations to pursue an agreed upon set of objectives while remaining independent of each other. You also are understanding that human resources are never fully free of culture, no matter the type of alliance. For this discussion, explain the difference between a strategic alliance and a joint venture (JV)), using an example to illustrate the difference. Also, explain the role of human resources management in managing each, including culture. An example would be Apple Pay and MasterCard, which formed a strategic alliance while remaining separate and distinct corporations, leveraging the need for “touchless” financial transactions during the pandemic.
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