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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:
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:
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?
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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?
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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?
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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?
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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?
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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?
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