Research Note: Strategic Combinations and Their Evolution in the Global Marketplace

The global marketplace of the twenty‐first century will contain many new competitors formed from the mergers and alliances that are currently taking place. This article demonstrates how the globalization process is in reality an extension of a pattern that has existed since the Industrial Revolution, that today continues to create competitive advantage. Significant managerial implications are given based on this discussion. © 2001 John Wiley & Sons, Inc.