chapter 9 quiz pt 2
Which of the following statements is true of explicit knowledge?
Explicit knowledge is shared in non-equity alliance firms.
Which of the following statements is true of an equity alliance?
In an equity alliance, the partners frequently exchange personnel to make the acquisition of tacit knowledge possible.
Which of the following statements is not true of tacit knowledge?
It is regularly shared between partners in a non-equity alliance.
Which of the following corresponds to the use of tacit knowledge?
John assembles the motorcycle from memory.
Which of the following is a disadvantage of equity alliances?
They can entail significant investments.
Which of the following is an advantage of joint ventures?
They create strong ties, trust, and commitment between the partners.
Which of the following is a drawback of joint ventures?
They necessitate the sharing of rewards between the partners.
Which of the following is an advantage of equity alliances when compared to non-equity alliances?
They produce stronger ties between partners.
Which of the following is an example of explicit knowledge?
a research summary
Which of the following is the best definition of a complementary asset?
an asset a firm needs to complete the value chain from upstream innovation to down stream commercialization
Partner compatibility and partner commitment are necessary conditions for successful alliance formation. Partner compatibility captures
aspects of cultural fit between different firms in an alliance.
A candy company called SweetThings Inc. forms an agreement with another candy company called Reverie Inc. Through this agreement, SweetThings owns 30 percent of Reverie. However, Reverie does not own any part of SweetThings. This type of agreement is called a(n)
equity alliance.
Comfort Shoes Inc. and InStep Shoes Inc., two competing shoe brands, entered into a strategic alliance to study and acquire each other competencies. Comfort Shoes entered the strategic alliance to acquire the production system pioneered by InStep Shoes. Similarly, InStep Shoes agreed to the strategic alliance to study the designing process of Comfort Shoes. However, Comfort Shoes was more successful and faster than InStep Shoes in accomplishing its alliance goal. What does this scenario best illustrate?
learning races
In Eli Lilly's Office of Alliance Management, the alliance champion is primarily responsible for
making sure that an alliance fits within the firm's existing alliance portfolio and corporate-level strategy.
Amiware Inc., a manufacturer of ceramic cookware, has entered into a contractual agreement with Micoware Inc. The agreement involves vertical strategic alliances connecting different parts of the industry value chain. This arrangement between the two companies best illustrates a(n)
non-equity alliance.
In Eli Lilly's Office of Alliance Management, who is responsible for providing the technical expertise and knowledge needed for the specific tech area and the day to day mgmt of the alliance
the alliance leader
The downside of equity alliances is
the amount of investment that can be involved.
Why did Pixar enter into a strategic alliance with Disney?
to finance and distribute its newly created computer-animated movies
In a non-equity alliance, which of the following types of information would firms most likely share?
the documented information about the material composition of a product
Toyota's President, Akio Toyoda, hopes that a transfer of tacit knowledge will take place through its equity alliance with Tesla Motors. He is referring to
the entrepreneurial spirit in Tesla.