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Exam 13: International Strategic Alliances

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Question 1

Multiple Choice

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Of the potential pitfalls of strategic alliances, which one is the primary cause of failure?

A) partner incompatibility
B) loss of autonomy
C) access to information
D) conflicts over distributing earnings

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Question 2

Multiple Choice

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Chrysler and BMW formed a joint venture to build engines in South America. Which term best describes this type of alliance?

A) franchise agreement
B) financial alliance
C) licensing agreement
D) production alliance

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Question 3

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How does a shared management agreement work?

The degree of collaboration in a strategic alliance primarily depends on the ________ of each partner firm.

How does the Star Alliance primarily benefit customers?

Boeing controls the overall operation of its strategic alliance with Fuji, Mitsubishi, and Kawasaki. This is an example of a(n) ________.

Boeing collaborated in a strategic alliance with Fuji, Mitsubishi, and Kawasaki in the development and production of the Boeing 777 to minimize Boeing's financial exposure. What benefit of strategic alliances was Boeing seeking?

Conflict over the distribution of earnings is the primary cause for failures among strategic alliances.

Firms involved in joint ventures experience the pitfalls of ________ when they realize that their decision-making powers are limited.

PepsiCo and Thomas J. Lipton Co. established a joint venture. PepsiCo supplied an extensive distribution network, and Lipton provided manufacturing expertise and brand recognition in teas. What benefit of strategic alliances were they most likely seeking?

A strategic alliance between Ford and Mazda experienced problems when Mazda refused to allow Ford officials to visit the Mazda research laboratory. What was the source of this problem?

Which of the following is not a benefit of strategic alliances?

A(n) ________ alliance occurs when partners share expertise or services related to distribution, pricing, and communications.

Under a delegated arrangement, partner firms are highly involved in the day-to-day operations of the venture.

What is a strategic alliance? What is the relationship between a joint venture and a strategic alliance?

Micron Technology, Intel, Samsung, Hyundai, and Siemens have formed an alliance to develop the next generation of DRAM chips. What type of alliance is this an example of?

Toyota wanted an opportunity to learn about U.S. labor practices and GM wanted to learn about Japanese management practices when they created NUMMI. What benefit were both partners seeking?

Toyota and GM created a joint venture called NUMMI because Toyota wanted to learn about how to deal with labor and parts suppliers in the U.S. market while GM wanted to observe Japanese management practices. What benefit of strategic alliances were Toyota and GM primarily seeking?

In a brief essay, discuss the problems associated with forming a strategic alliance with a competitor.

Why does Otis Elevator always seek local partners when it expands into new markets?