A) three governing mechanisms for strategic alliances:
non-equity, equity, and joint venture. List the benefits and
downsides for each of these mechanisms.
B) An alliance’s purpose can affect which governance structure is
optimal. Compare a pharmaceutical R&D alliance with a
prescription-drug marketing agreement, and recommend a governing
mechanism for each. Provide reasons for your selections.
C) Alliances are often used to pursue business-level goals, but
they may be managed at the corporate level. Explain why this
portfolio approach to alliance management would make sense.
A) Strategic alliances are voluntary arrangements between firms
that involve the sharing of knowledge, resources and capabilities
with the intent of developing processes, products or services.
Firms enter into many different types of alliances. Firms enter
strategic alliances for a number of reasons, such as strengthening
their competitive advantage or to hedge against uncertainty. There
are 3 types of alliances
1) Non-equity. This alliance is governed by a contract. Here, firms
share explicit knowledge. It is flexible, fast and easy to
initiate/terminate. Unfortunately, it involves weak ties and
therefore a lack of trust and commitment.
2) Equity. These are less common than non-equity. It is governed
byan equity investment. This type of alliance involves stronger
ties, more trust and commitment and serves as a window into new
technology. On the other hand, equity alliances are less flexible,
slower and involve large investments.
3) Joint ventures : These are governed by the creation of a new
entity by two or more parent firms. These types of alliances
provide for the strongest possible tie, a great deal of trust and
commitment and are usually required by institutional settings.
Unfortunately, they do require long negotiations, significant
investments, multiple bosses and long term
solutions.
B) Governing mechanism for a pharmaceutical R&D alliance:
leverage relationships to successfully join in an acquistion and/or
merger aka relational capability.
Governing mechanism for a prescription-drug marketing agreement:
instigate a process of a three person team that consists of a
alliance leader, champion, and manager.
C) This portfolio approach to alliance management would make sense because they are trying to accomplish the following three things:
A) three governing mechanisms for strategic alliances: non-equity, equity, and joint venture. List the benefits and...
First, read the article on "The Delphi Method for Graduate Research." ------ Article is posted below Include each of the following in your answer (if applicable – explain in a paragraph) Research problem: what do you want to solve using Delphi? Sample: who will participate and why? (answer in 5 -10 sentences) Round one questionnaire: include 5 hypothetical questions you would like to ask Discuss: what are possible outcomes of the findings from your study? Hint: this is the conclusion....