What is a strategic alliance? What are the three major types of strategic alliances firms form for the purpose of developing a competitive advantage? What are the three corporate-level cooperative strategies? How do firms use each of these strategies for the purpose of creating a competitive advantage? Why do firms use cross-border strategic alliances? What risks are firms likely to experience as they use cooperative strategies? What are the differences between the cost-minimization approach and the opportunity-maximization approach to managing cooperative strategies?