A Risk for a Small Firm Creating a Strategic Alliance

question 22

Multiple Choice

A risk for a small firm creating a strategic alliance with a larger company is

• A) not being able to keep up with the fast speed of a large company.
• B) not having enough creative talent to join forces effectively.
• C) being squeezed financially.
• D) being too rigid for a large company's standards.

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Definitions:

Competence And Commitment

Represents the level of skill and dedication an individual or team possesses towards accomplishing tasks or goals.

Highly Competent

Describes someone with a high level of skills, knowledge, and ability in a particular area or field.

Highly Committed

Describes an individual or group that is deeply engaged and dedicated to a cause, goal, or organization, demonstrating strong loyalty and enthusiasm.

Performance Appraisals

A systematic evaluation process in which the performance of employees is assessed, usually by supervisors, to provide feedback, guide development, and inform decisions.