SEVI CHAPTER 6 SMARTBOOK QUESTIONS
WITH 100% CORRECT ANSWERS!!
What are some advantages of strategic alliances? Answer - They might give
companies a competitive advantage.
They help firms achieve goals faster than they would alone.
The three mechanisms to govern alliances are non-equity alliances, equity
alliances, and Blank______. Answer - joint venture
True or false: Firms tend to enter strategic alliances when they have no other
choice. Answer - False
A partnership that is based on contracts between companies is referred to as
a(n) Blank______. Answer - non-equity alliance
A firm might want to use a strategic alliance to Blank______. Answer - change
the industry structure
Non-equity alliances tend to share Blank______, which allows the firms to
understand a certain process or product. Answer - explicit knowledge
How do foreign governments typically influence a firm's use of strategic
alliances to enter new markets? Answer - Governments may require that
foreign firms have a local joint venture partner in order to conduct business
within the country's borders.
, Which statements correctly describe the advantages commonly possessed by
firms in licensing agreements? Answer - Startups often possess an invention
advantage.
Established firms typically have an innovation advantage.
Why do incumbent companies enter into strategic alliances with startups?
Answer - to hedge against uncertainty
An advantage of using a non-equity alliance to govern a strategic alliance is its
Blank______. Answer - flexibility and ease of initiation
The most common type of alliance is a(n) Blank______. Answer - non-equity
alliance
Knowledge that can be codified is also called Blank______ knowledge. Answer
- explicit
Which statements correctly describe licensing agreements? Answer -
Participants focus on their own comparative advantages.
They are contractual alliances between firms.
Licensing agreement partners frequently exchange codified information.
The partners in non-equity alliances can have weak ties because such alliances
are often Blank______ in nature, which can cause lack of trust and
commitment. Answer - temporary
Equity alliances allow for the sharing of Blank______, which involves
information that cannot be codified for completing tasks. Answer - tacit
knowledge
WITH 100% CORRECT ANSWERS!!
What are some advantages of strategic alliances? Answer - They might give
companies a competitive advantage.
They help firms achieve goals faster than they would alone.
The three mechanisms to govern alliances are non-equity alliances, equity
alliances, and Blank______. Answer - joint venture
True or false: Firms tend to enter strategic alliances when they have no other
choice. Answer - False
A partnership that is based on contracts between companies is referred to as
a(n) Blank______. Answer - non-equity alliance
A firm might want to use a strategic alliance to Blank______. Answer - change
the industry structure
Non-equity alliances tend to share Blank______, which allows the firms to
understand a certain process or product. Answer - explicit knowledge
How do foreign governments typically influence a firm's use of strategic
alliances to enter new markets? Answer - Governments may require that
foreign firms have a local joint venture partner in order to conduct business
within the country's borders.
, Which statements correctly describe the advantages commonly possessed by
firms in licensing agreements? Answer - Startups often possess an invention
advantage.
Established firms typically have an innovation advantage.
Why do incumbent companies enter into strategic alliances with startups?
Answer - to hedge against uncertainty
An advantage of using a non-equity alliance to govern a strategic alliance is its
Blank______. Answer - flexibility and ease of initiation
The most common type of alliance is a(n) Blank______. Answer - non-equity
alliance
Knowledge that can be codified is also called Blank______ knowledge. Answer
- explicit
Which statements correctly describe licensing agreements? Answer -
Participants focus on their own comparative advantages.
They are contractual alliances between firms.
Licensing agreement partners frequently exchange codified information.
The partners in non-equity alliances can have weak ties because such alliances
are often Blank______ in nature, which can cause lack of trust and
commitment. Answer - temporary
Equity alliances allow for the sharing of Blank______, which involves
information that cannot be codified for completing tasks. Answer - tacit
knowledge
