A Corporate Alliance is a partnership between two or more businesses that collaborate to achieve common goals. These alliances can take various forms, such as joint ventures, strategic partnerships, or informal agreements. Companies often enter into alliances to share resources, reduce costs, or enhance their market presence. Such collaborations can lead to innovation and improved competitiveness. For example, a technology company might partner with a manufacturing firm to develop new products. By combining their strengths, these businesses can leverage each other's expertise and access new markets, ultimately benefiting both parties involved.