Question 1

Which of the following are routinely used to manage alliances?

Accepted Answer

A)  shared management agreement 
B)  courts 
C)  consultants 
D)  both shared management agreement and consultants 
A)  shared management agreement 
B)  courts 
C)  consultants 
D)  both shared management agreement and consultants A

Question 2

In a marketing alliance, two or more firms share ______.

Accepted Answer

A)  production facilities 
B)  marketing expertise 
C)  advertising features 
D)  all of these 
A)  production facilities 
B)  marketing expertise 
C)  advertising features 
D)  all of these B

Question 3

What do firms need to consider when entering an alliance?

Accepted Answer

A)  choose and integrate the alliance management team and team members 
B)  know when best to exit the partnership 
C)  the financial capacity of the partner firm 
D)  both choose and integrate the alliance management team and team members and know when best to exit the partnership 
A)  choose and integrate the alliance management team and team members 
B)  know when best to exit the partnership 
C)  the financial capacity of the partner firm 
D)  both choose and integrate the alliance management team and team members and know when best to exit the partnership C

Question 4

According to Barney, which of the following mechanisms is important in how firms create value?

Accepted Answer

A)  stock-picking 
B)  competitive positioning 
C)  capability-building 
D)  none of these 
A)  stock-picking 
B)  competitive positioning 
C)  capability-building 
D)  none of these

Question 5

Which is NOT a key benefit a firm may seek to realize from engaging in collaboration with other firms?

Accepted Answer

A)  reducing risk 
B)  entering new markets more easily 
C)  preserving brand identity 
D)  obtaining new knowledge 
A)  reducing risk 
B)  entering new markets more easily 
C)  preserving brand identity 
D)  obtaining new knowledge

Question 6

Alliancing success depends on which of the following factors?

Accepted Answer

A)  creating an alliance designer culture 
B)  having the right machine tools 
C)  tight legal control of the contract conditions 
D)  all of these 
A)  creating an alliance designer culture 
B)  having the right machine tools 
C)  tight legal control of the contract conditions 
D)  all of these

Question 7

Coase argued that the existence of the firm, as an alternative to market transactions, can be attributed to ______.

Accepted Answer

A)  high market transaction costs 
B)  the benefits of a unified organizational cultural 
C)  economies of scale 
D)  economies of scope 
A)  high market transaction costs 
B)  the benefits of a unified organizational cultural 
C)  economies of scale 
D)  economies of scope

Question 8

Which of the following factors is NOT typically listed as a factor in developing collaborative strategies?

Accepted Answer

A)  speed 
B)  opinion of employees 
C)  risk 
D)  access to capital 
A)  speed 
B)  opinion of employees 
C)  risk 
D)  access to capital

Question 9

What is a defining feature of an alliance?

Accepted Answer

A)  An alliance brings two or more individual organizations together. 
B)  An alliance requires these parties to be interconnected in some way with resource dependencies. 
C)  Interconnectedness involves reciprocal relations. 
D)  all of these 
A)  An alliance brings two or more individual organizations together. 
B)  An alliance requires these parties to be interconnected in some way with resource dependencies. 
C)  Interconnectedness involves reciprocal relations. 
D)  all of these

Question 10

Which of the following approaches address inter-firm collaboration?

Accepted Answer

A)  the industrial organization (IO) approach 
B)  institutional theory 
C)  contingency theory 
D)  the Machiavellian approach 
A)  the industrial organization (IO) approach 
B)  institutional theory 
C)  contingency theory 
D)  the Machiavellian approach

Question 11

A public-private partnership is a special type of alliance that involves ______.

Accepted Answer

A)  private firms and government organizations 
B)  listed public companies and unlisted private firms 
C)  collusion and corruption for mutual self-interest 
D)  none of these 
A)  private firms and government organizations 
B)  listed public companies and unlisted private firms 
C)  collusion and corruption for mutual self-interest 
D)  none of these

Question 12

Alliances can help partners control ______ because they imply that two or more organizations work together and share, for example, investment in crucial technologies.

Accepted Answer

A)  risk 
B)  employees 
C)  infrastructure 
D)  technology 
A)  risk 
B)  employees 
C)  infrastructure 
D)  technology

Question 13

Which of the following are types of strategic partnership?

Accepted Answer

A)  comprehensive alliances 
B)  functional alliances 
C)  production alliances 
D)  all of these 
A)  comprehensive alliances 
B)  functional alliances 
C)  production alliances 
D)  all of these

Question 14

Competency traps lead firms to fall unconsciously into:

Accepted Answer

A)  adherence to routines 
B)  denial of the need for change 
C)  relying on past successful processes 
D)  all of these 
A)  adherence to routines 
B)  denial of the need for change 
C)  relying on past successful processes 
D)  all of these

Question 15

A firm can grow through which of the following means:

Accepted Answer

A)  organically through internal investment 
B)  by purchasing necessary assets and capabilities through acquisitions 
C)  by collaborating with one or more firms through strategic alliances 
D)  all of these 
A)  organically through internal investment 
B)  by purchasing necessary assets and capabilities through acquisitions 
C)  by collaborating with one or more firms through strategic alliances 
D)  all of these

Question 16

In the last few decades, ______ has been a preferred way for many organizations to deal with a lack of knowledge about foreign local environments and entry into such markets.

Accepted Answer

A)  collaboration 
B)  takeover 
C)  acquisition 
D)  merger 
A)  collaboration 
B)  takeover 
C)  acquisition 
D)  merger

Question 17

A key criterion that makes a firm choose 'to ally' is:

Accepted Answer

A)  the shortage of critical resources within the current reach of the firm 
B)  its orientation towards marketing to non-customers 
C)  its strategic foresight 
D)  both its orientation towards marketing to non-customers and its strategic foresight 
A)  the shortage of critical resources within the current reach of the firm 
B)  its orientation towards marketing to non-customers 
C)  its strategic foresight 
D)  both its orientation towards marketing to non-customers and its strategic foresight

Question 18

Firms collaborate in order to:

Accepted Answer

A)  access knowledge 
B)  learn from each other 
C)  overcome trade barriers 
D)  all of these 
A)  access knowledge 
B)  learn from each other 
C)  overcome trade barriers 
D)  all of these

Question 19

The ways in which alliance partners integrate their interests, use combined resources and relate is called ______?

Accepted Answer

A)  alliance synergy 
B)  alliance management 
C)  alliance governance 
D)  none of these 
A)  alliance synergy 
B)  alliance management 
C)  alliance governance 
D)  none of these

Question 20

According to the Industrial Organization approach, firms cooperate because of the incentive for ______.

Accepted Answer

A)  price collusion 
B)  efficiency 
C)  value 
D)  none of these 
A)  price collusion 
B)  efficiency 
C)  value 
D)  none of these

Which of the following are routinely used to manage alliances?

In a marketing alliance, two or more firms share ______.

What do firms need to consider when entering an alliance?

According to Barney, which of the following mechanisms is important in how firms create value?

Which is NOT a key benefit a firm may seek to realize from engaging in collaboration with other firms?

Alliancing success depends on which of the following factors?

Coase argued that the existence of the firm, as an alternative to market transactions, can be attributed to ______.

Which of the following factors is NOT typically listed as a factor in developing collaborative strategies?

What is a defining feature of an alliance?

Which of the following approaches address inter-firm collaboration?

A public-private partnership is a special type of alliance that involves ______.

Alliances can help partners control ______ because they imply that two or more organizations work together and share, for example, investment in crucial technologies.

Which of the following are types of strategic partnership?

Competency traps lead firms to fall unconsciously into:

A firm can grow through which of the following means:

In the last few decades, ______ has been a preferred way for many organizations to deal with a lack of knowledge about foreign local environments and entry into such markets.

A key criterion that makes a firm choose 'to ally' is:

Firms collaborate in order to:

The ways in which alliance partners integrate their interests, use combined resources and relate is called ______?

According to the Industrial Organization approach, firms cooperate because of the incentive for ______.

Strategy: Theory Practice an Introduction

Strategy, Competitive Forces and Positioning

Strategy, Resources and Capabilities

Strategy and Innovation

Strategy Make or Buy

Strategy Going Global

Strategy and Corporate Governance

Strategy Processes

Strategy Practice

Strategy and Organizational Politics

Strategy and Strategic Change

Strategy Reconsidered

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Exam 6: Strategy and Alliances

Which of the following are routinely used to manage alliances?

In a marketing alliance, two or more firms share ______.

What do firms need to consider when entering an alliance?

According to Barney, which of the following mechanisms is important in how firms create value?

Which is NOT a key benefit a firm may seek to realize from engaging in collaboration with other firms?

Alliancing success depends on which of the following factors?

Coase argued that the existence of the firm, as an alternative to market transactions, can be attributed to ______.

Which of the following factors is NOT typically listed as a factor in developing collaborative strategies?

What is a defining feature of an alliance?

Which of the following approaches address inter-firm collaboration?

A public-private partnership is a special type of alliance that involves ______.

Alliances can help partners control ______ because they imply that two or more organizations work together and share, for example, investment in crucial technologies.

Which of the following are types of strategic partnership?

Competency traps lead firms to fall unconsciously into:

A firm can grow through which of the following means:

In the last few decades, ______ has been a preferred way for many organizations to deal with a lack of knowledge about foreign local environments and entry into such markets.

A key criterion that makes a firm choose 'to ally' is:

Firms collaborate in order to:

The ways in which alliance partners integrate their interests, use combined resources and relate is called ______?

According to the Industrial Organization approach, firms cooperate because of the incentive for ______.

Strategy: Theory Practice an Introduction

Strategy, Competitive Forces and Positioning

Strategy, Resources and Capabilities

Strategy and Innovation

Strategy Make or Buy

Strategy Going Global

Strategy and Corporate Governance

Strategy Processes

Strategy Practice

Strategy and Organizational Politics

Strategy and Strategic Change

Strategy Reconsidered

Filters