Select all that applyWhich statements concerning strategic alliances are accurate?Multiple select question.Strategic alliances are uncommon in the business world.Strategic alliances usually increase the risks associated with vertical integration without granting any of the benefits.Strategic alliances are used by some companies as a way of managing outsourcing.Strategic alliances are used by some companies to extend their scope of operations internationally.
Question
Select all that applyWhich statements concerning strategic alliances are accurate?Multiple select question.Strategic alliances are uncommon in the business world.Strategic alliances usually increase the risks associated with vertical integration without granting any of the benefits.Strategic alliances are used by some companies as a way of managing outsourcing.Strategic alliances are used by some companies to extend their scope of operations internationally.
Solution
The accurate statements concerning strategic alliances are:
- Strategic alliances are used by some companies as a way of managing outsourcing.
- Strategic alliances are used by some companies to extend their scope of operations internationally.
The first statement is incorrect because strategic alliances are quite common in the business world. They allow companies to share resources and expertise, and to work together on joint projects.
The second statement is also incorrect. While strategic alliances do involve some risk, they can also provide many benefits. For example, they can allow companies to share the costs and risks of new business ventures, and to access new markets or technologies. They do not necessarily increase the risks associated with vertical integration without granting any of the benefits.
Similar Questions
Which of the following is true of strategic alliances?Question 1Select one:a.Strategic alliances allow firms to bring together complementary skills and assets that neither company could easily develop on its own.b.Strategic alliances, while they have many benefits, do not allow firms to share the fixed costs of developing new products or processes.c.Strategic alliances can make entry into a foreign market difficult.d.Strategic alliances, while beneficial to firms, make the establishment of technological standards for an industry difficult.
What is a true statement about strategic alliances?Multiple choice question.They have a high failure rate.They have an average failure rate.They rarely, if ever, fail.They have a low failure rate.
A strategic alliance is a cooperative agreement between business firms.Question 8Answera.Falseb.True
A strategic alliance can be defined as a formal agreement between two or more separate companies in whichMultiple choice question.one party agrees to divulge key elements of its business strategy in exchange for cost savings at other stages of the value chain.all parties agree to enter into activities previously performed by suppliers.one company contracts out certain value-chain activities that are normally performed in-house.the parties agree to work collaboratively toward one strategically relevant objective.
Which statements about joint ventures are true?Multiple select question.They are primarily used in short-term commitments.They involve the sharing of both explicit and tacit knowledge.They are the least common of the three types of strategic alliances.Only one partner contributes equity.
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