At Its Simplest Level, a Joint Venture May Be Thought

question 11

Multiple Choice

At its simplest level, a joint venture may be thought of as:

• A)a merger of two companies.
• B)an acquisition of a smaller company by a larger company.
• C)a form of strategic outsourcing.
• D)a sign of weakness on the part of one of the companies.
• E)pool of resources by two or more firms to create new business.

---

Definitions:

Strong Organizational Culture

The collective values, beliefs, and principles of organizational members that are profoundly ingrained and widely shared, leading to consistent behaviors and a unified sense of identity within the organization.

Cultural Values

The core principles and ideals upon which an entire community exists and makes decisions.

External Environment

Conditions and factors outside an organization that can affect its performance and strategies.

Strong Corporate Cultures

Corporate environments characterized by deeply ingrained values, beliefs, and behaviors shared by members, which influence decision-making and actions.