What are the merits of strategic alliances and collaborative partnerships for companies racing to seize opportunities in an industry of the future? Under what circumstances do they make sense? How do they contribute to competitive advantage?
What will be an ideal response?
The merits of strategic alliances and collaborative partnerships are: picking a good partner; being sensitive to cultural differences; recognizing that the alliance must benefit both sides; ensuring that both parties live up to their commitments; structuring the decision-making process so that actions can be taken swiftly when needed; managing the learning process and then adjusting the alliance agreement over time to fit new circumstances.
Strategic cooperation is a much-favored approach in industries where new technological developments are occurring at a furious pace along many different paths and where advances in one technology spill over to affect others (often blurring industry boundaries). Whenever industries are experiencing high-velocity technological advances in many areas simultaneously, firms find it virtually essential to have cooperative relationships with other enterprises to stay on the leading edge of technology, even in their own area of specialization. In industries like these, alliances are all about fast cycles of learning, gaining quick access to the latest round of technological know-how, and developing dynamic capabilities. In bringing together firms with different skills and knowledge bases, alliances open up learning opportunities that help partner firms better leverage their own resources and capabilities.
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Fill in the blank(s) with the appropriate word(s).
__________ for arrest is defined as a reasonable belief that the suspect has committed a crime or is about to commit a crime
a. Probable cause b. Support c. Probable reason d. Reasonable cause
With nominal deletion, data is ________
A) recoverable B) reusable C) Both A and B. D) Neither A nor B.
One-way ANOVA is applied to independent samples taken from four normally distributed populations with equal variances. If the null hypothesis is rejected, then we can infer that
a. all population means are equal. c. at least two population means are equal. b. all population means differ. d. at least two population means differ.