What is the goal of strategic alliances?

To work together to create better products and services.

What is a governance mechanism?

Rules or agreements that help manage partnerships.

What is the importance of trust in alliances?

Trust helps partners work better together.

What is a competitive advantage?

It is what makes a company better than its competitors.

Why do companies merge?

To reduce competition and lower costs.

What is a resource gap?

It is when a company needs new resources to grow.

What does it mean to borrow resources?

To use resources from another company through agreements.

What is the role of internal resources?

They help a company grow and compete.

What is the difference between a merger and an acquisition?

A merger is friendly; an acquisition can be friendly or hostile.

What is the purpose of evaluating alliances?

To see if they are working well and helping the company.

What are the three phases of alliance management?

Planning, managing, and reviewing the alliance.

What is a strategic resource?

A resource that helps a company gain an advantage.

What is the main reason for companies to acquire others?

To access new markets and capabilities.

What is a competitive position?

How strong a company is compared to others.

What is the importance of knowledge sharing in alliances?

It helps partners learn from each other.

What is a trial before acquisition?

Testing a partnership before deciding to buy the company.

What is the role of equity in alliances?

It shows how much each partner invests in the alliance.

What is the significance of post-merger integration?

It helps combine two companies into one smoothly.

What is the impact of mergers on consumers?

Mergers can lead to higher prices for consumers.

What is the role of synergies in mergers?

They are the benefits gained from combining companies.

What is the importance of partner selection?

Choosing the right partner is key to a successful alliance.

What is the role of complementary resources?

They help fill gaps in a company's capabilities.

What is the goal of strategic equity alliances?

To work together while keeping separate identities.

What is the impact of digital news on traditional newspapers?

Traditional newspapers are struggling to adapt to digital news.

What is the significance of the airline alliance?

Airlines work together to offer better services to customers.

What is the role of managerial hubris in M&A?

It can lead to poor decisions in buying companies.

What is the importance of evaluating mergers and acquisitions?

To see if they create value for the company.

What is the role of trust in alliance success?

Trust helps partners work together effectively.

What is the significance of the build-borrow-or-buy framework?

It guides companies in making strategic growth decisions.

What is the impact of COVID-19 on mergers?

It has affected many companies' financial situations.

What is the role of strategic resources in competitive advantage?

They help a company stand out from its competitors.

What is the importance of inter-organizational trust?

It is crucial for the success of partnerships.

What is the goal of accessing critical complementary assets?

To enhance a company's capabilities.

What is the significance of the strategic resource gap?

It shows what resources a company needs to grow.

What is the role of equity alliances?

They involve sharing ownership between companies.

What is the importance of evaluating whether M&A lead to competitive advantage?

To understand if the merger or acquisition is beneficial.

What is the significance of the build-borrow-or-buy framework in corporate strategy?

It helps companies decide the best way to grow.

What is the role of joint ventures in strategic alliances?

They allow companies to collaborate on specific projects.

What is the impact of mergers on competition?

They can reduce competition and lead to higher prices.

What is the importance of learning objectives in corporate strategy?

They guide companies in achieving their goals.

What is the significance of the strategic alliance between Lyft and General Motors?

It helps Lyft access more resources and vehicles.

What is the role of the Star Alliance in the airline industry?

It allows airlines to cooperate and share benefits.

What is the importance of evaluating the pros and cons of alliance governance mechanisms?

To choose the best way to manage partnerships.

What is the significance of the Renault-Nissan alliance?

It shows how companies can work together without merging.

Corporate Strategy: Build-Borrow-or-Buy Framework Flashcards

Student preview

72 questions

Show all answers

1.

FLASHCARD QUESTION

Front

What is the build-borrow-or-buy framework?

Back

It helps companies decide how to grow: by building new things, borrowing from others, or buying companies.

2.

FLASHCARD QUESTION

Front

What are strategic alliances?

Back

They are partnerships between companies to share resources and knowledge.

3.

FLASHCARD QUESTION

Front

Why do companies make alliances?

Back

To be stronger, enter new markets, and learn new things.

4.

FLASHCARD QUESTION

Front

What is a merger?

Back

When two companies join together to become one.

5.

FLASHCARD QUESTION

Front

What is an acquisition?

Back

When one company buys another company.

6.

FLASHCARD QUESTION

Front

What is horizontal integration?

Back

When a company merges with a competitor.

7.

FLASHCARD QUESTION

Front

What is a joint venture?

Back

A new company created by two or more companies working together.

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