. The economies of countries such as Russia and China have historically been ope
ID: 436981 • Letter: #
Question
.The economies of countries such as Russia and China have historically been operated through centralized bureaucracies. Recommend what can be done to infuse such economies with a commitment to corporate entrepreneurship and the innovation resulting from it.
Are strategic alliances a way to enhance a firm’s technological capacity or are they used more commonly to maintain pace with technological developments in a company’s industry? In other words, are strategic alliances a tool of firms that have a technological advantage, or are they a tool of technologically disadvantaged companies? Explain your answer
Explanation / Answer
A strategic alliance is a business arrangement in which two or more firms cooperate for their mutual benefit. Firms may combine their efforts for a variety of purposes including, but not limited to, sharing knowledge, expertise, and expenses as well as to gain entry to new markets or to gain a competitive advantage in one. Further, creation of a strategic alliance may turn actual or potential competitors into partners working toward a common goal. Use of strategic alliances has become a major tool for businesses that are internationalizing their operations. Therefore, use of strategic alliances has expanded dramatically over the past decade, and their use will continue to increase as we enter the 21st century. This article provides an introduction to strategic alliances. First, characteristics of a strategic alliance are examined and examples are given. Second, the benefits of strategic alliances are discussed, and, third, choices involved in formation of a strategic alliance are explored. Finally, the special considerations for international strategic alliances are discussed. Strategic alliances have become a major tool for companies that are taking their businesses international. A strategic alliance can benefit any type of company.
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