Building Organizational Bridges with External Allies Is Aided by

question 12

Multiple Choice

Building organizational bridges with external allies is aided by

• A)appointing "relationship managers" and giving them responsibility for making particular strategic partnerships or alliances generate the intended benefits.
• B)agreeing with allies to meet frequently and make all decisions pertaining to the alliance on the basis of mutual agreement and consensus.
• C)getting each strategic ally to agree to appoint someone as head of the collaborative effort and to give that person the authority to enforce tight coordination of joint activities.
• D)forming a 50-50 joint venture with each strategic partner, and then assigning people to the joint venture that has the authority and responsibility to enforce tight coordination.
• E)entering into a written agreement detailing the roles and responsibilities of the company and the ally/partner, setting forth the results that are expected, establishing deadlines for achieving these results, and designating the people who are to be responsible for making the collaborative effort work successfully.

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Definitions:

Ideal Market

A theoretical marketplace where information is freely available to all participants, products are homogeneous, and there are no transaction costs, leading to perfect competition.

Monopolist

A solo producer or seller in a market who has significant control over the pricing and availability of a product or service, with no direct competition.

Barriers To Entry

Economic or legal obstacles that prevent new competitors from easily entering an industry or area of business.

Product Substitutes

Goods or services that can be used in place of each other, where the increase in the price of one leads to an increase in demand for the other.