Methodological approaches to forming strategic alliances
Abstract
The article is devoted to a comprehensive study of methodological approaches to the creation of strategic alliances, identification of their applicability and limitations in the context of the current economic conditions of Ukraine. For domestic companies, strategic alliances, as a tool for cooperation between Ukrainian and international companies, public and private organisations, can play a crucial role in ensuring the adaptation of companies to market conditions characterised by an unstable political situation and limited opportunities for internal financing. The study identifies three key approaches: systemic, resource and institutional, justified by their widespread use in global practice and the universality of the analysis of complex organisational interactions. Their main provisions, principles and peculiarities of application in different economic conditions are analysed. Particular attention is paid to their application in the context of the Ukrainian economy, which makes it possible to identify the strengths and weaknesses of each approach. The systemic approach views strategic alliances as complex systems in which interaction and coordination between all elements are important, as well as consideration of the impact of the external environment. It helps to assess how internal processes and relationships in an alliance affect its success. The resource approach focuses on the pooling and efficient use of alliance members' resources, which helps to increase their competitiveness and achieve synergies. The institutional approach focuses on external factors, such as laws, regulations, social and economic institutions, that influence the formation and development of strategic alliances. However, in the context of modern Ukraine, where military conflicts, economic instability and the need for post-war reconstruction have a significant impact, traditional approaches are not always sufficient. In this regard, the article proposes an adaptive approach as the most relevant in the context of the crisis and economic uncertainty faced by Ukrainian enterprises. It is based on the flexibility and ability of enterprises to quickly adapt to changes in the external environment. Recommendations on the use of this approach for the creation of strategic alliances in modern conditions are provided.
Downloads
References
Ukraine recovery and reconstruction: $486 billion over the next decade. UN New (2024). Retrieved from https://news.un.org/en/story/2024/02/1146562
Savoy, C., Staguhn, Ja. (2023). Enabling an Economic Transformation of Ukraine. A Report of the CSIS Ukraine Economic Reconstruction Commission. January 2023. Retrieved from https://www.csis.org/analysis/enabling-economic-transformation-ukraine
Flatten, T., Greve, G., Brettel, M. (2011). Absorptive capacity and firm performance in SMEs: The mediating influence of strategic alliances. European Management Review, 8(3), 137-152. doi: https://doi.org/10.1111/j.1740-4762.2011.01015.x
Hong, J. (2020). The financing of alliance entrepreneurship. Journal of Business Venturing, 35(1), 1-19. doi: https://doi.org/10.1016/j.jbusvent.2018.12.002
Kozachenko, G.V., Shulzhenko, L.Ye. (2014). Strategic alliance as the form of internalization of business and management. Economics, Entrepreneurship, Management, 26(ІІ), 68-79. (in Ukrainian)
Shkoda, М., Shcherbakov, V. (2023). Analysis of the development of business alliances in Ukraine and their impact on the country’s economy. Journal of Strategic Economic Research, 4(15), 83-89. doi: https://doi.org/10.30857/2786-5398.2023.4.10 (in Ukrainian)
Korzh, М. V., Fomichenko, I.Р. (2023). International strategic alliances as a factor in the development of competition in the IT industry. Actual Problems of Economics, 12, 64-74. DОІ: https://doi.org/10.32752/1993-6788-2023-1-270-64-75 (in Ukrainian)
Tatarinov, V.V., Tatarinov, V.S., Pavlova, V.S. (2021). Small and medium-sized businesses as participants in international strategic alliances. Academic Review, 1(54), 97-106. doi: https://doi.org/10.32342/2074-5354-2021-1-54-10 (in Ukrainian)
Dussauge, P., Garrette, B. (2000). Learning From Competing Partners: Outcomes and Durations of Scale and link Alliances in Europe, North America and Asia. Strategic Management Journal, 21 (4), 99-126.
Anderson, E., Rangan, K. (1997). Strategic Channel Design. MIT Sloan Management Review, 38 (4), 59-69.
Choosing to grow: The leader’s blueprint. Global management consulting. McKinsey & Company. Retrieved from https://www.mckinsey.com/
Piñeiro-Chousa, J., Lopez-Cabarcos, M.A., Quinoa-Pineiro, L., Perez-Pico, A.M. (2022). US biopharmaceutical companies’ stock market reaction to the COVID-19 pandemic. Understanding the concept of the ‘paradoxical spiral’from a sustainability perspective. Technological Forecasting and Social Change. 2022. 175. art. no. 121365 Retrieved from https://www.sciencedirect.com/science/article/pii/S0040162521007964
Microsoft's AI Alliance with OpenAI. Tech Byte Insights. Retrieved from https://www.techbyteinsights.com/2024/05/microsofts-ai-alliance-with-openai.html
Starbucks Reports Q1 Fiscal 2024 Results. Starbucks Reports. Retrieved from https://investor.starbucks.com/ir-home/default.aspx
Dyer, J., Kale, P., Singh, H. (2001). How To Make Strategic Alliances Work? MIT Sloan Management Review, 37-43. Retrieved from https://sloanreview.mit.edu/article/how-to-make-strategic-alliances-work/
Doz, Y. L., Hamel, G. (2001). Alliance Advantage, the art of creating value through partnering. Supply Chain Management, 6 (5), 242-243. doi: https://doi.org/10.1108/scm.2001.6.5.242.1
Moore, J. F. (1996). The Death of Competition: Leadership and Strategy in the Age of Business Ecosystems. New York, NY: Wiley Harper Business.
Penrose, E. T. (1995). The Theory of the Growth of the Firm. John Wiley, New York.
Lanzolla, G and Markides, C. (2021). A Business Model View of Strategy. Journal of Management Studies, 58 (2), 540-553.
Barney, J. B. (1991). Firm Resources and Sustained Competitive Advantage. Journal of Management, 17, 99-120. doi: https://doi.org/10.1177/014920639101700108
DiMaggio, P. J., Powell, W. W. (1983). The Iron Cage Revisited: Institutional Isomorphism and Collective Rationality in Organizational Fields. American Sociological Review, 48(2), 147-160. Retrieved from http://www.jstor.org/stable/2095101
Williamson, O. E. (2000).The New Institutional Economics: Taking Stock, Looking Ahead. Journal of Economic Literature, 38(3), 595-612. doi: https://doi.org/10.1257/jel.38.3.595
Scott, R. W. (2014). Institutions and Organizations: Ideas, Interests, and Identities, Fourth Edition, Thousand Oaks, CA: SAGE Publications.
Pfeffer, J. and Salancik, G. (2003). The External Control of Organizations: A Resource Dependence Perspective. Stanford University Press.
This work is licensed under a Creative Commons Attribution 4.0 International License.