There Are Several Issues to Consider in Picking a Partner

question 45

Multiple Choice

There are several issues to consider in picking a partner for a strategic alliance.One of these is

• A)Go for the biggest partner possible because they have the most assets.
• B)Seek strategic complementarity.
• C)Make sure your partner will be dependent on you and not vice versa.
• D)All of the above

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Definitions:

Primary Stakeholders

Individuals or groups that have a direct interest or stake in the actions, success, or policies of an organization, including customers, employees, and investors.

Corporate Citizenship

Refers to a company's responsibilities toward society. This concept emphasizes the importance of acting in a socially responsible manner that goes beyond profit-making.

Fiduciary Duties

Refers to the obligations of loyalty and care that fiduciaries owe to their clients or beneficiaries, ensuring their best interests are prioritized.