What Is a Strategic Alliance

question 26

Multiple Choice

What is a strategic alliance?

• A) It is a long-term partnership between two organizations designed to accomplish the strategic goals of both parties.
• B) It is a collaboration of two different departments within an organization in order to implement the organization's strategic plan.
• C) It is a team, consisting of members from different functional areas of the organization, that work together to create a strategic plan
• D) It is an alliance with experts outside the organization who are called in to help the company generate new product ideas.

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Definitions:

Manage People

The practice of leading, motivating, and directing employees to achieve organizational goals.

Personal Values

The fundamental beliefs and principles that guide an individual's behavior and decision-making process.

Organizational Values

The core principles and beliefs that guide a company's actions and decision-making processes.

Coordination of Effort

The organized alignment and synchronization of activities and resources to achieve a common goal.