How have strategic alliances helped big pharmaceutical firms hedge against uncertainty?
What will be an ideal response?
In dynamic markets, strategic alliances allow firms to limit their exposure to uncertainty in the market. For instance, in the wake of the biotechnology revolution, incumbent pharmaceutical firms such as Pfizer, Novartis, and Roche entered into hundreds of strategic alliances with biotech startups. These alliances allowed the big pharma firms to make small-scale investments in many of the new biotechnology ventures that were poised to disrupt existing market economics. In some sense, the pharma companies were taking real options in these biotechnology experiments, providing them with the right but not the obligation to make further investments when new drugs were introduced from the biotech companies.
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Dusty is six credits away from completing his bachelor’s degree in an online program. In his current online class, he is the one who starts the majority of threads on the discussion boards. Also, other students frequently send him e- mails asking his opinion about the best way to complete assignments. Dusty has the network role of a ______.
A. gatekeeper B. bridge C. liaison D. star
Which of the following best describes the purpose of a bill of material class?
A. Shows the raw material usage variance. B. Links finished goods to production. C. Links each raw material item to one or more finished good items. D. Shows the issues of raw material items into work in process.
Which of the following is true of shipping goods via water transportation?
A) Water transportation is an efficient way to ship perishable merchandise over long distances. B) Water carriers are highly flexible in their routing and time schedules. C) Water transportation provides in-transit services, such as the processing of goods en route. D) Water transportation is ideal when time is short and speed is needed. E) Water transportation is the slowest mode of transportation and the most affected by the weather.
Which types of financial policies does Zietlow argue are doomed to fail?
A. internal B. external C. restrictive D. prescriptive