I will pay for the following article Joint Ventures and Strategic Alliance. The work is to be 10 pages with three to five sources, with in-text citations and a reference page.

I will pay for the following article Joint Ventures and Strategic Alliance. The work is to be 10 pages with three to five sources, with in-text citations and a reference page. Strategic alliances promote knowledge sharing and expertise between the parties. It also fosters the reduction of risks and costs between the parties in different areas. Such areas include relationships with suppliers and the development of new technologies. Strategic alliances are sometimes considered to have equal magnitudes as joint ventures. The difference between the two is where an alliance can accommodate parties that are competitors, and the engagement lasts for a short time as compared to a joint venture. A joint venture, therefore, is a business agreement in which the parties involved agree on certain factors towards the development of what looks like a new entity. The factors are development criteria, finite time, creation of a new entity and new assets by the contribution of investment. The parties to the joint venture contribute equity. Perse, they share the expenses, assets, and revenue on an agreed-on basis. There are several critical reasons or important factors that necessitate the formation of global strategic alliances and joint ventures. Perse, they are the benefits that international businesses may accrue from such alliances and ventures (Chou et al., 2014 p. 42). There are many motivational factors that may drive the firms to enter into ventures or alliances. Perse, the use of strategic alliances and joint ventures is increasingly gaining popularity. A growing number of globally multinational firms are finding it better to carry their operations under such umbrellas. Firms argue that under such agreements, each party can bring to the table complementary strengths. Such powers enable companies to gain significant competitive advantages (Chou et al. 2014, p. 42). The firm’s knowledge of the local markets can be invaluable when it comes to international or global business. It can also be invaluable if the firm wants to get its products and services to global heights.