"Friend or Foe: The Paradox of Forming Strategic Alliances" is a scholarly book that examines the outcomes of forming strategic alliances within the framework of corporate strategy. In an era where governments promote innovation and the development of new high-tech companies, the book highlights the reasons why small and medium-sized enterprises (SMEs) are less likely to enter into alliances compared to multinational corporations. It emphasizes that companies must understand the effectiveness of strategic alliances, while academics should recognize the need to inform policymakers about the infrastructures necessary for the success of these businesses. The focus is on defining strategic management and the role of strategic alliances as an integral part of corporate strategy, rather than merely using them for crisis management. The book offers valuable insights for students and academics and serves as a useful guide for formulating dissertations or theses.