1. Discuss the advantages and disadvantages of a partnering arrangement compared to a merger or acquisition? Be specific. 2. Under what circumstances might it make sense to enter into a business alliance with a potential merger target before actually proposing a merger? 3. What do you believe are some of the major reasons business alliances often fail to satisfy expectations? 4. Do you believe that the likelihood of a firm achieving its business plan objectives is greater through a business alliance than through a merger, acquisition, or a solo venture? Explain your