What benefits may accrue to firms participating in strategic alliances?
What will be an ideal response?
Firms may benefit from ease of market entry, shared risk, shared knowledge and expertise, and synergy/competitive advantage. Firms may experience entrenched competition, government regulations, or high costs to entering a foreign market. Strategic alliances can ease the costs of entry. Firms may also wish to minimize their risks associated with market entry. Alliances can minimize risks by sharing expenses or by providing non-financial assets such as brand recognition. Firms may also wish to learn about an expertise held by another firm. Finally, firms can achieve synergies and competitive advantages that were not possible working alone.
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A key component of the operating plan development process is:
A. Identification of required staffing, infrastructure, and process B. Identification of the up-front and ongoing cost commitments which must be made in order to develop . the market opportunity which the business has decided to focus on C. Seek out acquisitions, collaborations, and strategic alliances which complement existing products and capabilities D. Expand current market presence E. Identify what businesses to compete in
During a time study, the following times were observed for a particular job using the continuous (non-snapback) method: 22, 51, 72, 98, 128, and 150 seconds. There is only one element per cycle
The sample standard deviation of the observed times has already been computed as 3.9 seconds. If an estimate for the average time that is within 4 percent of the true long-range average 95 percent (z = 1.96 ) of the time is desired, how many additional observations are needed? A) fewer than or equal to 40 B) greater than 40 but fewer than or equal to 55 C) greater than 55 but fewer than or equal to 70 D) greater than 70