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Questions and Answers
Match the following alliance types with their descriptions:
Match the following alliance types with their descriptions:
Non-Equity Alliance = Partnership based on contracts between firms. Equity Alliance = Partnership where at least one partner takes partial ownership in the other. Corporate Venture Capital (CVC) = Equity investments by established firms in entrepreneurial ventures, falling under the broader rubric of equity alliances. Strategic Alliances = Voluntary arrangements between firms involving the sharing of knowledge, resources, and capabilities to develop processes, products, or services.
Match the following decision-making perspectives with their explanations:
Match the following decision-making perspectives with their explanations:
Build-Borrow-Buy Framework = Aids firms in deciding whether to pursue internal development (build), enter a contractual arrangement or strategic alliance (borrow), or acquire new resources, capabilities, and competencies (buy). Real Options Perspective = Approach that breaks down a larger investment decision into smaller decisions staged sequentially over time. Relational View of Competitive Advantage = Proposes that critical resources and capabilities are often embedded in strategic alliances that span firm boundaries. Learning Races in Strategic Alliances = Situation where both partners are motivated to form an alliance for learning, but the rate at which firms learn may vary.
Match the following concepts with their definitions:
Match the following concepts with their definitions:
Real Options = Choices that give managers the right, but not the obligation, to make further investments. Strategic Alliances = Voluntary arrangements between firms involving the sharing of knowledge, resources, and capabilities to develop processes, products, or services. Corporate Venture Capital (CVC) = Equity investments by established firms in entrepreneurial ventures, falling under the broader rubric of equity alliances. Relational View of Competitive Advantage = Proposes that critical resources and capabilities are often embedded in strategic alliances that span firm boundaries.
Which global business strategy emphasizes maximizing local responsiveness to be perceived as a domestic company by local consumers?
Which global business strategy emphasizes maximizing local responsiveness to be perceived as a domestic company by local consumers?
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What does the death-of-distance hypothesis suggest regarding geographic location and competitive advantage?
What does the death-of-distance hypothesis suggest regarding geographic location and competitive advantage?
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What does national competitive advantage refer to?
What does national competitive advantage refer to?
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Which business strategy combines high local responsiveness with the lowest-cost position attainable?
Which business strategy combines high local responsiveness with the lowest-cost position attainable?
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According to the globalization hypothesis, what is the assumption about consumer needs worldwide?
According to the globalization hypothesis, what is the assumption about consumer needs worldwide?
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What is the key concept in globalization that refers to the benefits of locating value chain activities in optimal geographies worldwide?
What is the key concept in globalization that refers to the benefits of locating value chain activities in optimal geographies worldwide?
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Which decision framework is based on cultural, administrative, geographic, and economic distances between home and foreign target countries?
Which decision framework is based on cultural, administrative, geographic, and economic distances between home and foreign target countries?
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In global business, what does the Integration-Responsiveness Framework juxtapose to derive strategies for competitive advantage?
In global business, what does the Integration-Responsiveness Framework juxtapose to derive strategies for competitive advantage?
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What term describes the additional costs of doing business in unfamiliar cultural and economic environments?
What term describes the additional costs of doing business in unfamiliar cultural and economic environments?
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Global strategy in a firm's corporate strategy aims to do what in the context of global competition?
Global strategy in a firm's corporate strategy aims to do what in the context of global competition?
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