What are the five critical criteria for successful alliances. Exhibit 11 1. The alliance has a clear
Question:
What are the five critical criteria for successful alliances.
Exhibit 11
Transcribed Image Text:
1. The alliance has a clear strategic purpose-alliances are never an end in or of themselves, they provide tools to achieve a business strategy 2. Good partner fit-a partner with compatible goals and complementary capabilities 3. Specialized partner roles-allocate tasks and responsibilities in the alliances in a way that enables each party to do what they do best 4. Create incentives for cooperation-working together never happens automatically, particularly when partners were former rivals 5. Minimize conflicts between partners-the scope of alliance and of partners' roles should avoid pitting one against the other in the market 6. Share information continual communication develops trust and keeps joint projects on target 7. Exchange personnel regardless of the form of the alliance, personal contact and site visits are essential for maintaining communication and trust 8. Operate with long time-horizons-mutual forbearance in solving short-run conflicts is enhanced by the expectation of long-term gains 9. Develop multiple joint projects-successful cooperation on one project can help partners weather the storm in less successful joint projects 10. Be flexible alliances are open-ended and dynamic relationships that need to evolve in pace with their environment and in pursuit of new opportunities
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
Certainly Successful alliances require careful consideration and planning Here are the five critical ...View the full answer
Answered By
Ishrat Khan
Previously, I have worked as an accounting scholar at acemyhomework, and have been tutoring busines students in various subjects, mostly accounting. More specifically I'm very knowledgeable in accounting subjects for college and university level. I have done master in commerce specialising in accounting and finance as well as other business subjects.
5.00+
139+ Reviews
432+ Question Solved
Related Book For
Strategic Management Concepts And Cases
ISBN: 9781260075106
2nd Edition
Authors: Mason Carpenter, Gerry Sanders
Question Posted:
Students also viewed these Business questions
-
Case Study: Quick Fix Dental Practice Technology requirements Application must be built using Visual Studio 2019 or Visual Studio 2017, professional or enterprise. The community edition is not...
-
CASE #3 SUPPLY CHAIN MANAGEMENT LEARNING OBJECTIVES 1 Definition and main terms of Supply Chain Management in organization. 2 Definition of Supply Chain Manager and description of the main duties...
-
answer all questions as instructed below. attend all questions. 4 Computer Vision (a) Explain why such a tiny number of 2D Gabor wavelets as shown in this sequence are so efficient at representing...
-
Classify each of the following random variables as either continuous or discrete: a. The survival time of a cancer patient after receiving a new treatment for cancer b. The number of ticks found on a...
-
Give the approximate temperature at which it is desirable to heat each of the following iron-carbon alloys during a full anneal heat treatment: (a) 0.20 wt% C (b) 0.60 wt% C (c) 0.76 wt% C (d) 0.95...
-
Using the information in P25-1B, compute the overhead controllable variance and the overhead volume variance. Data From Problem 25-1B: Lopez Corporation manufactures a single product. The standard...
-
Damron Electronics uses a sales journal, a purchases journal, a cash receipts journal, a cash dis bursements journal, and a general journal as illustrated in this chapter. Damron recently completed...
-
Sunny Systems manufactures solar panels. The company has a theoretical capacity of 50,000 units annually. Practical capacity is 80 percent of theoretical capacity, and normal capacity is 80 percent...
-
Draw an E-R diagram for the following situation: Shi- nyShoesForAll (SSFA) is a small shoe repair shop located in a suburban town in the Boston area. SSFA repairs shoes, bags, wallets, luggage, and...
-
Increasingly, firms such as P&G, Corning (www.corning. com) and Millennium Pharmaceuticals (www.millennium. com) claim to have a core competency and competitive advantage based on their ability to...
-
How do alliances differ in stable and dynamic contexts?
-
Derive the Laplace transform for the following time functions: a. u(t) b. tu(t) c. sin t u(t) d. cos t u(t)
-
1. Visual management means more pictures and fewer words, so as to satisfy the visual management triangle. Do you agree or disagree and why? (1pts) 2. What would be your argument if someone were to...
-
14. ABC Company sells 3 products. Sales and CMR for the 3 products follow: Product A B C Sales P20,000 P40,000 P100,000 Contribution margin ratio 45% 40% 15% Given these data, the CMR for the company...
-
explain the nuances of file system journaling and its impact on data integrity and recovery in the context of high-performance, distributed file systems ?
-
Your firm is evaluating a project that will generate the following cash flows next year with the following probabilities: Cash Flow at t=1 Probability Good Case $600M 0.75 Bad Case $200M 0.25 You...
-
ULS Housing, Inc. manufactures tiles for housing companies. During the current period, an order for 2,000 tiles was begun on job number 7876 for Camilla Homes. Jobs are marked up 150% of cost. Total...
-
Heart Corporation entered into a subscription contract with several subscribers. The contract requires the subscribers to purchase 2,000 shares of $4 par common stock at a price of $20 per share. The...
-
A city maintains a solid waste landfill that was 12 percent filled at the end of Year 1 and 26 percent filled at the end of Year 2. During those periods, the government estimated that total closure...
-
What is a business-level strategy?
-
Governance in Japan, Germany, and China has been changing as western governance systems have increasingly been adopted. Traditionally, boards of directors in these nations have largely been composed...
-
The complexity associated with most cooperative strategies increases the difficulty of successfully using them. One cause of this complexity is the fact that often, firms collaborating on certain...
-
The best approach for determining the Wednesdays on which food orders were received is to put the ReceivingSlip table in a new query, populate the query with the needed attributes, and: 1) Create the...
-
Cullumber Corporation is a diversified company that operates in five different industries: A, B, C, D, and E. The following information relating to each segment is available for 2021. A B C D E Sales...
-
Make-or-Buy Decision Matchless Computer Company has been purchasing carrying cases for its portable computers at a purchase price of $57 per unit. The company, which is currently operating below full...
Study smarter with the SolutionInn App