Strategic Alliances and Networks Quiz

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the definition of a strategic alliance?

An agreement between a parent company and its subsidiary to share resources
An exclusive partnership between two organizations for a specific project
A cooperative effort between two or more independent organizations to develop, manufacture, or sell products or services (correct)
A joint venture between two competitors to eliminate market competition

What is an example of a successful strategic alliance mentioned in the text?

A strategic alliance between a company and its supplier
An exclusive partnership between a software company and a hardware company
The European Airbus strategic alliance (correct)
A joint venture between two pharmaceutical companies

What is the primary purpose of a strategic alliance?

To acquire smaller companies and expand market share
To eliminate competition in the market
To gain controlling interest in partner organizations
To share knowledge or resources for mutual benefit (correct)

What does vertical integration refer to in the context of strategic management?

<p>The expansion of a firm into different steps along the production path (D)</p> Signup and view all the answers

In what way does a strategic alliance differ from vertical integration?

<p>Strategic alliances involve cooperation between independent organizations, while vertical integration involves expanding within the production path (D)</p> Signup and view all the answers

Flashcards are hidden until you start studying