BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Shared supply alliance
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Quasi-concentration alliance
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Complementary alliance
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International expansion alliance
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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.