Show Recommended textbook solutions Human Resource Management15th EditionJohn David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine 249 solutions
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Operations Management: Sustainability and Supply Chain Management12th EditionBarry Render, Chuck Munson, Jay Heizer 1,698 solutions Upgrade to remove ads Only ₩37,125/year
Terms in this set (52)In what way does the strategic alliance between GM and Lyft allow GM to hedge against uncertainty? It gives GM access to the market of the future, in which traditional private car ownership no longer exists. horizontal integration can help a firm improve its strategic position in an industry Zoe is a manager at a large company engaged in the acquisition of a smaller company. The smaller company has operated at a loss for the last three years under three different managers, but Zoe is convinced that she can turn the company around despite the evidence to the contrary. Zoe is engaging in managerial hubris When companies get involved in a bidding war and the winner overpays for the acquisition, the acquiring company has fallen victim to the winners curse What are common reasons a firm might pursue a merger? To gain superior acquisition and integration capability Internal development should occur when the firm's resources are _____ to those of competitors in the targeted area. similar and superior A firm should use an equity alliance, a joint venture, or an outright acquisition in order to gain use of a resource when resource not easily traded A voluntary arrangement between firms to share knowledge, resources, and capabilities to develop products, processes, or services is known as a strategic alliance How does Lyft benefit from its strategic alliances with GM and Waymo? It allows Lyft to more effectively compete against Uber. Which of the following are reasons why firms enter into strategic alliances to learn new capabilities A conceptual model that helps strategists choose between seeking internal development, entering into an alliance, or acquiring new resources, capabilities, and competencies is called the "______ framework." build buy or borrow Which framework can companies use to assess whether their internal resources are superior to those of competitors in the targeted area? vrio framework In general, if a resource is highly tradable, then it should be ______ using a license or contractual agreement. borrowed How do foreign governments typically influence a firm's use of strategic alliances to enter new markets? Governments may require that foreign firms have a local joint venture partner in order to conduct business within the country's borders. In order for an alliance to qualify as ______, it must have the potential to alter a company's competitive advantage. strategic
A real option gives a firm the right to continue making investments but does not obligate the firm to do so Which approach to strategic decision making takes a larger investment decision and divides it into multiple smaller decisions that happen over time? real options perspective A firm might want to use a strategic alliance to ______. change the industry structure Marketing, manufacturing, and after-sale service are examples of critical complementary assets Why might a firm create a joint venture when entering a new geographic market? to adhere to local law Why do incumbent companies enter into strategic alliances with startups? hedge against uncertainty When a company makes incremental investments as part of a larger investment and takes the time to analyze the information gained following each incremental investment, the company is taking a real-options perspective What are the three mechanisms that alliances can be governed by? non-equity alliances The most common type of alliance is a(n) non equity alliance A firm has a core competency in R&D but little else, so it enters into a strategic alliance with a larger firm to gain distribution channels and marketing expertise. In this case, distribution channels and marketing expertise would be examples o critical complementary assets Non-equity alliances tend to share ______, which allows the firms to understand a certain process or product. explicit knowledge The partners in non-equity alliances can have weak ties because such alliances are often ______ in nature, which can cause lack of trust and commitment. temporary Which of the following forms of agreement do non-equity alliances typically take supply Knowledge that can be codified is also called ______ knowledge. explicit Which of the following is true of tacit knowledge? It can only be acquired through actively participating in the process An advantage of using a non-equity alliance to govern a strategic alliance is its flexibility and ease of initiation
What are downsides of equity alliances The time and effort for assembling the partnership Which of the following is a disadvantage of a joint venture? Knowledge shared with the new partner could be misappropriated by opportunistic behavior. Which term refers to a company's ability to handle the three specific tasks related to an alliance concurrently and effectively? alliance management capability What are three advantages of equity alliances possible emergence of trust and commitment How well the firms in an alliance fit together culturally is referred to as partner compatibility How can firms build alliance management capability? through repeated experiences over time Which of the following are true of alliance management capability It involves partner selection and alliance formation. Which of the following terms refers to when one firm purchases or takes over another firm acquisition Horizontal integration is a good option if the target firm will have more value when combined with the acquiring firm How willing the firms in an alliance are to share necessary resources and make sacrifices in the name of long-term rewards is referred to as partner commitment Horizontal integration through mergers and acquisitions can create costs. Which of the following are sources of such costs reduced flexibility
In order to build alliance management capabilities in small companies, it is recommended that firms take the ______ approach learning by doing How can horizontal integration increase product differentiation by filling the empty spaces in a firm's offerings A(n) ______ is when two firms agree to join and create a combined entity, and a(n) ______ is when one firm buys or takes over another firm. merger; acquisition On average, mergers and acquisitions ______ shareholder value destroy The starting point of the build-borrow-or-buy framework is management's identification of a strategic resource gap that will impede future growth. What happens in the third phase of alliance management? the alliance partners make relation-specific investments Which of the following is one of the reasons that firms make acquisitions to gain access to a new capability or competency When a firm wishes to consolidate the industry in which they compete by merging with their competitors, they are engaging in horizontal integration There are several benefits of horizontal integration. Which of the following below is not a benefit? access to new marketing and sales divisions Which of the following are the three choices in the build-borrow-or-buy framework? acquisition of new resources Sets found in the same folderHootsuite Social Marketing Certification Exam69 terms palibrarian Hootsuite Social Marketing Certification76 terms KassieEspi Other sets by this creatorChap 1160 terms kaitlynvarela21 Chap 135 terms kaitlynvarela21 Chap 1257 terms kaitlynvarela21 Chap 1044 terms kaitlynvarela21 Recommended textbook solutionsHuman Resource Management15th EditionJohn David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine 249 solutions Information Technology Project Management: Providing Measurable Organizational Value5th EditionJack T. Marchewka 346 solutions Operations Management: Sustainability and Supply Chain Management12th EditionBarry Render, Chuck Munson, Jay Heizer 1,698 solutions
Service Management: Operations, Strategy, and Information Technology7th EditionJames Fitzsimmons, Mona Fitzsimmons 103 solutions Other Quizlet setsBUL Midterm Review Ch 7, 8, 973 terms diaz06162005 Eye and Ear (Elsalanty)67 terms veronica_xia Nutrition Topic 4 Quiz10 terms theMichael_Cordero4 Health - Prescription, Nonprescription, and Illega…10 terms cuddlybear06 Which term refers to a company's ability to handle the three specific tasks related to an alliance?Which term refers to a company's ability to handle the three specific tasks related to an alliance concurrently and effectively? alliance management capability.
What are the three mechanisms that alliances can be governed by?* Alliances can be governed by the following mechanisms: contractual agreements for non-equity alliance, equity alliances, and joint ventures.
What are the phases of alliance management?Typical phases include: alliance-specific strategy, analysis and selection of partners, value-creating negotiations and trust building, operational planning, structuring and governance, launch and management, and transformation or termination.
What are the phases of alliance management quizlet?An alliance management capability consists of a firm's ability to effectively manage alliancerelated tasks through three phases: (1) partner selection and alliance formation, (2) alliance design and governance, and (3) post-formation alliance management.
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Which term refers to a companys ability to handle the three specific tasks related to an alliance concurrently and effectively quizlet?
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