BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
Shared supply alliance
|
|
Quasi-concentration alliance
|
|
Complementary alliance
|
|
International expansion alliance
|
Detailed explanation-1: -Strategic alliance definition: It’s a joint venture that bolsters a core business strategy, creates a competitive advantage, and abates competitors from moving in on a marketplace. It allows individual companies to achieve more together than they would have on their own. In other words: Coopetition.
Detailed explanation-2: -Another way to enter a new market is through a strategic alliance with a local partner. A strategic alliance involves a contractual agreement between two or more enterprises stipulating that the involved parties will cooperate in a certain way for a certain time to achieve a common purpose.
Detailed explanation-3: -The five most common modes of international-market entry are exporting, licensing, partnering, acquisition, and greenfield venturing.
Detailed explanation-4: -Exporting is the direct sale of goods and / or services in another country. It is possibly the best-known method of entering a foreign market, as well as the lowest risk.