Question: Please answer all the following questions in this section and limit your answers to one page. Below you can find a companys recent strategic moves.

Please answer all the following questions in this section and limit your answers to one page. Below you can find a companys recent strategic moves. Please search for additional information online in addition to the articles mentioned below, and answer all the following questions: 1. Which concept(s), framework(s) and/or theories are relevant to comment on the companys strategy? (10 points) 2. Please apply the theory/framework/concept to evaluate the pros and cons of the strategy, and draw a conclusion whether this is a good strategy or not. (30 points) Toyota recently decided to give away for free its patents on hydrogen fuel cell and hybrid vehicle. See https://www.reuters.com/article/us-toyota-patents/toyota-to-give-royalty-free-access-to-hybrid-vehicle-patents-idUSKCN1RE2KC (Links to an external site.) or https://www.govtech.com/fs/Toyota-Opens-Patents-on-Hydrogen-Fuel-Cell-Technology010615.html (Links to an external site.). Additionally, Toyota is partnering with BYD, a Chinese firm, to produce electric cars. See https://www.reuters.com/business/autos-transportation/exclusive-toyota-turns-chinese-tech-reach-its-electric-holy-grail-2021-12-02/

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