June 2014, Vol-XXVH, No.1, pp 21-40
An Enquiry into the Strategic Alliances in
Indian Corporate Sector
N. M. Leepsa*
Pradyot Keshari Pradhan**
ABSTRACT
Today consumers are more informed and alert about theproducts and services
available at the market place. With the globalisation, the expectation level ofconsumers
‘has increased compared to earlier years. Teday the consumers are ready to spend money,
but with the satisfaction for what they brought. So, there is challenge and competition
among business houses to continuously strife for better products and services to the
customer,maintain old customers and create new customers. But in this Siercely
competitive world, it becomes difficult even to stay in the same place by winning the
customers. This can be done by satisfying these customers, by avoiding cognitive
dissonance among the customers, bycomparing demerits of products that are purchased
and merits of the products not purchased. Thus, companies collaborate and combine
through different growth strategies to achieve faster growthand. Strategic advantage..
One of the growth strategies is strategic alliance which is | popular in these days among
the corporate world. This paper is an attempt to took inte the varicus growth stories
though strategic alliance by Indian companies. This paper is to look into the various
forms of strategic alliances adopted by companies, the motives behind such alliances
and looking into various cases of strategic alliances. ' from various sectors.
Key Words: Strategic Alliances, Indian Industries.
Introduction.
Today. consumers are mare informed
and alert about the products and services
available in the market place, With the
globalisation, the expectation level of
consumers has increased compared to earlier
years. Today the consumers are ready to
spend money, but with the satisfaction for
what they brought. So, there are challenges
and competition among business houses to
continnonsly strive for better products and
services to the customer, maintain old
customers and create new customers. But
in this fiercely competitive world, itbecomes
difficult even to stay inthe same place by
winning the customers. This ean be done by
satisfying these customers, by avoiding
cognitive dissonance among the customers,
by comparing demerits of products that are
* School of Management, NIT, Rourkela, Odisha
** PG Department of Commerce, Utkal University, Bhubaneswar, QdishaAn Engrs. Indian Corporat Sector
purchased and merits of the products not
‘purchased, Thus, companies collaborate and
‘combine through different growth strategies
to achieve faster growth and strategic
advantage... One of the growth strategies is
strategic alliance which is popular in these