MGMT 498 Chap 9 Exam Questions With 100% Correct Answers 2024/2025

MGMT 498 Chap 9 Exam Questions With 100% Correct Answers 2024/2025 In what way does the strategic alliance between GM and Lyft allow GM to hedge against uncertainty? - answerIt gives GM access to the market of the future, in which traditional private car ownership no longer exists. What are three options used by executives to drive firm growth? (Check all that apply.) - answeracquisitions alliances organic growth Which of the following are the three choices in the build-borrow-or-buy framework? (Check all that apply.) - answerinternal development strategic alliances acquisition of new resources In order for an alliance to qualify as ______, it must have the potential to alter a company's competitive advantage. - answerstrategic Which of the following are reasons why firms enter into strategic alliances? (Check all that apply.) - answerto learn new capabilities to enter new markets to strengthen their competitive position How does Lyft benefit from its strategic alliances with GM and Waymo? - answerIt allows Lyft to more effectively compete against Uber. A firm must decide whether to build, borrow, or buy to answer the question of ______. - answerhow it will achieve growth 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." - answerbuild-borrow-or-buy