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:

Change Agent

Someone who acts as a catalyst for change, facilitating and implementing changes within an organization or community to achieve a desired goal.

Workplace

A location where people are employed and perform tasks related to their jobs; can refer to physical or virtual spaces.

Managerial Agent

An individual acting on behalf of an organization, making decisions and executing actions in alignment with the organization's objectives and interests.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by a generalized disdain for other groups.