Discuss some of the challenges that managers must overcome in making strategic alliances successful. What are some strategic alliances with which you are familiar? Were they successful or not? Explain.
Answer to relevant QuestionsUse the Internet and select a company that has recently undertaken diversification into new product markets. What do you feel were some of the reasons for this diversification (e.g., leveraging core competencies, sharing ...Explain the two opposing forces—cost reduction and adaptation to local markets—that firms must deal with when they go global. Many firms fail when they enter into strategic alliances with firms that link up with companies based in other countries. What are some reasons for this failure? Provide an example. Explain why entrepreneurial firms are often in a strong position to use combination strategies. What are the main advantages of “contemporary” control systems over “traditional” control systems? What are the main differences between these two systems?
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