Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.

 

Term of the day

strategic alliance

A legal agreement between two distinct organisations that provides for sharing resources collaboratively in pursuit of a mutually beneficial goal.Strategic alliance agreements are common in the biotechnology sector, where large pharmaceutical organisations sponsor research activities at small, often start-up, research companys.  These small organisations often excel in a particular research discipline, but lack the sales, marketing and distribution resources to bring their innovations to...