1 . A) Which of the following is a feature of joint venture that differentiates
ID: 425629 • Letter: 1
Question
1 .
A)
Which of the following is a feature of joint venture that differentiates it from other forms of alliances?
It involves a significant equity stake by the partners.
It usually does not result in the creation of a new business entity.
It increases asset commitment to products that will become rapidly obsolete.
It increases cycle time of a technology.
b.
Gerden Price Corp. and New Ware Systems Inc. formed an alliance to develop a new line of technologically advanced cooking stoves. Which of the following would be the most likely outcome of this alliance?
Increased market development and penetration times
Faster product delivery to the market
Reduced overall flexibility
Lesser opportunities to pursue other projects
c.
Combining the capabilities and other resources of partner firms but not necessarily transferring those resources between the partners is referred to as ________.
capability complementation
resource modification
capability transfer
disintermediation
d.
Greyer Corp. manufactures surgical instruments. Systems Medico Inc. enters into a contractual arrangement with Greyer that allows it to use Greyer manufacturing methods and management structure to produce and sell surgical instruments. Systems Medico must pay a yearly fee to Greyer for the use of its manufacturing processes. In this scenario, Systems Medico is the ________.
intrapreneur
licensee
contract manufacturer
licensor
It involves a significant equity stake by the partners.
It usually does not result in the creation of a new business entity.
It increases asset commitment to products that will become rapidly obsolete.
It increases cycle time of a technology.
b.
Gerden Price Corp. and New Ware Systems Inc. formed an alliance to develop a new line of technologically advanced cooking stoves. Which of the following would be the most likely outcome of this alliance?
Increased market development and penetration times
Faster product delivery to the market
Reduced overall flexibility
Lesser opportunities to pursue other projects
c.
Combining the capabilities and other resources of partner firms but not necessarily transferring those resources between the partners is referred to as ________.
capability complementation
resource modification
capability transfer
disintermediation
d.
Greyer Corp. manufactures surgical instruments. Systems Medico Inc. enters into a contractual arrangement with Greyer that allows it to use Greyer manufacturing methods and management structure to produce and sell surgical instruments. Systems Medico must pay a yearly fee to Greyer for the use of its manufacturing processes. In this scenario, Systems Medico is the ________.
intrapreneur
licensee
contract manufacturer
licensor
Explanation / Answer
A. It increases asset commitment to products that will become rapidly obsolete is a feature of joint venture that differentiates it from other forms of alliances. B. Faster product delivery to the market would be the most likely outcome of this alliance. C. Capability complementation is the term which can be referred for Combining the capabilities and other resources of partner firms but not necessarily transferring those resources between the partners. D. Licensee is the term which can be used for Systems Medico in this scenario.
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