Strategic alliances have gained widespread attention in the business community, but success factors for cooperation have not been studied rigorously enough. This book reviews new developments in business-oriented economics in order to establish convincing arguments for the efficiency and sustainability of collaborative ventures. It builds on the rich new literature on business process redesign and corporate renewal. Most of these new management concepts still focus on intracorporate restructuring, but have not explicitly dealt with strategic alliances or other types of Inter-institutional arrangements. This book develops process redesign further to enable the study of cooperative projects and (actual symbol not reproducible) networks.