Resource Sharing: By forming a coalition, businesses can pool their
resources, whether it's capital, expertise, or technology, to tackle larger projects that would be impossible to handle individually.
Influence and Advocacy: A coalition can have a stronger voice in
advocating for favorable policies, regulations, or market conditions. This collective influence can lead to significant changes that benefit all members.
Risk Mitigation: Sharing risks among coalition partners can reduce the potential impact on any single entity. This is particularly valuable in uncertain or volatile markets.
Innovation: Bringing together diverse perspectives and expertise can foster
innovation and drive the development of new products, services, or business models.