While it makes sense to build alliances in good times, the rationale for alternative mergers and acquisitions such as partnerships and joint ventures is even stronger during a time of economic challenges. Strategic alternative mergers and acquisitions allow companies to reduce overhead, expand into new markets, leverage resources and share risk. These alliances also give partners access to capital, expertise and facilities and technology. Nevertheless, organisations are not shielded from necessary cost cutting during economically challenging times. Therefore, these organisations must find ways to do more with less.