MGT 357 Chapter Notes - Chapter 7: Knowledge Management, Offshoring, Outsourcing
Document Summary
Strategic alliances - partnership between two or more firms that decide they can pursue their mutual goals better by combining their resources and competitive advantage. Cooperative strategies - alliances, transition mechanisms that propel the partners" strategies forward in a turbulent environment faster than would be possible for each company alone. Joint ventures - new independent entity jointly created and owned by two or more parent companies. International joint venture (ijv) - an overseas business owned and controlled by two or more partners. Starting such a venture is often used as an entry strategy. Equity strategic alliances - two or more partners have different relative ownership shares (equity percentages) in the new venture. Non-equity strategic alliances - agreements are carried out through contract rather than ownership sharing. Global strategic alliances - working partnerships between companies across national boundaries and increasingly across industries. To avoid import barriers, licensing requirements, and other protectionist legislation.
