Chapter 9 Globus Exam questions and
answers with solutions 2025
build-borrow-or-buy framework - ANSWER Conceptual model that aids firms in deciding
whether to pursue internal development (build), enter a contractual arrangement or strategic
alliance (borrow), or acquire new resources, capabilities, and competencies (buy).
strategic alliances - ANSWER voluntary arrangements between firms that involve the sharing of
knowledge, resources, and capabilities with the intent of developing processes, products, or
services
relational view of competitive advantage - ANSWER strategic management framework that
proposes that critical resources and capabilities frequently are embedded in strategic alliances
that span firm boundaries
real-options perspective - ANSWER approach to strategic decision making that breaks down a
larger investment decision into a set of smaller decisions that are staged sequentially over time
Coopetition - ANSWER cooperation by competitors to achieve a strategic objective
learning races - ANSWER situations in which both partners in a strategic alliance are motivated
to form an alliance for learning, but the rate at which the firms learn may vary
non-equity alliance - ANSWER partnership based on contracts between firms
explicit knowledge - ANSWER knowledge that can be codified; concerns knowing about a
process or product
equity alliance - ANSWER partnership in which at least one partner takes partial ownership in
the other
answers with solutions 2025
build-borrow-or-buy framework - ANSWER Conceptual model that aids firms in deciding
whether to pursue internal development (build), enter a contractual arrangement or strategic
alliance (borrow), or acquire new resources, capabilities, and competencies (buy).
strategic alliances - ANSWER voluntary arrangements between firms that involve the sharing of
knowledge, resources, and capabilities with the intent of developing processes, products, or
services
relational view of competitive advantage - ANSWER strategic management framework that
proposes that critical resources and capabilities frequently are embedded in strategic alliances
that span firm boundaries
real-options perspective - ANSWER approach to strategic decision making that breaks down a
larger investment decision into a set of smaller decisions that are staged sequentially over time
Coopetition - ANSWER cooperation by competitors to achieve a strategic objective
learning races - ANSWER situations in which both partners in a strategic alliance are motivated
to form an alliance for learning, but the rate at which the firms learn may vary
non-equity alliance - ANSWER partnership based on contracts between firms
explicit knowledge - ANSWER knowledge that can be codified; concerns knowing about a
process or product
equity alliance - ANSWER partnership in which at least one partner takes partial ownership in
the other
