What steps could an entrepreneur take to improve their chances of success when forming a strategic alliance?
What will be an ideal response?
- Establish a healthy network of contacts to lead to other contacts.- Identify and contact individuals within a firm who are likely to return calls.
- Be prepared by knowing the partner's potential financial benefits from the alliance.
- Learn to speak and understand the "language" of the other company.
- Make sure any alliance offer is clearly a win-win opportunity.
- Monitor the progress to ensure goals and expectations are being met and to make changes as they become necessary.
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On January 1, a company issues bonds dated January 1 with a par value of $370,000. The bonds mature in 5 years. The contract rate is 11%, and interest is paid semiannually on June 30 and December 31. The market rate is 10% and the bonds are sold for $384,280. The journal entry to record the first interest payment using straight-line amortization is: (Rounded to the nearest dollar.)
A. Debit Bond Interest Expense $21,778; credit Premium on Bonds Payable $1428; credit Cash $20,350. B. Debit Bond Interest Expense $21,778; credit Discount on Bonds Payable $1428; credit Cash $20,350. C. Debit Bond Interest Expense $18,922; debit Discount on Bonds Payable $1428; credit Cash $20,350. D. Debit Bond Interest Expense $18,922; debit Premium on Bonds Payable $1428; credit Cash $20,350. E. Debit Interest Payable $20,350; credit Cash $20,350.
A _____ is a situation requiring the purchase of a product for the first time
a. modified rebuy b. derived demand c. joint demand d. new buy
The______________________________relates to the time periods involved in completion of the event.
Fill in the blank(s) with the appropriate word(s).
What is the present value of $2,000 to be received in six years if interest rates are 8% compounded semiannually? (Round to the nearest whole dollar)
A) $1,258 B) $1,249 C) $1,852 D) $1,158 E) $1,923