A strategic alliance is a(n)
A) organization skilled at creating, acquiring, and transferring knowledge and at modifying its behavior to reflect new knowledge and insights.
B) firm in which top management ensures that there is consensus about the direction in which the business is heading.
C) independent grassroots effort whose goal is to create a sustainable organization that helps solve important social problems.
D) way of managing in which everyone is committed to continuous improvement of his or her part of the organization.
E) formal relationship created among independent organizations with the purpose of joint pursuit of mutual goals.
E) formal relationship created among independent organizations with the purpose of joint pursuit of mutual goals.
Explanation: A strategic alliance is a formal relationship created with the purpose of joint pursuit of mutual goals. In a strategic alliance, individual organizations share administrative authority, form social links, and accept joint ownership.
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