Entering into Strategic Alliances and Collaborative Partnerships Can Be Competitively

question 17

Multiple Choice

Entering into strategic alliances and collaborative partnerships can be competitively valuable because

• A)working closely with outsiders is essential in developing new technologies and new products in virtually every industry.
• B)cooperative arrangements with other companies are very helpful in racing against rivals to build a strong global presence and/or racing to seize opportunities on the frontiers of advancing technology.
• C)they represent highly effective ways to achieve low-cost leadership and capture first-mover advantages.
• D)they are a powerful way for companies to build loyalty and goodwill among customers with diverse needs and expectations.
• E)they are quite effective in helping a company transfer the risks of threatening external developments to other companies.

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Definitions:

Industrial Accidents

Unplanned events that result in injury, illness, or damage, occurring in or related to a workplace or industrial setting.

Agency

An organization, either public or private, that provides a specific service or performs a designated function.

Hospital Codes

A system of signals, often numerical or color-coded, used in hospitals to quickly communicate emergencies and situations without alarming patients.

Procedures

Established methods or sequences of steps followed in a consistent and systematic way for the accomplishment of a task or an operation.