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One area in which joint ventures are effective is the transfer of tacit knowledge as illustrated in the joint venture that created Shanghai GM Co

The chief disadvantage of being a first mover is the:

EllEx Enterprises is entering into a cooperative strategy with YRPA. In order to have the best chance of success, the managers of this strategy should concentrate equally on both tangible and intangible assets

The effectiveness of any of the generic business-level strategies is contingent on both:

Because of the lack of protection of intellectual property in some foreign countries, licensing arrangements are one of the best ways for a firm to protect its technology from being appropriated by potential competitors

A firm that is LEAST likely to launch competitive actions is one that has:

Among the value-neutral incentives to diversify, some come from the firm’s external environment while others are internal to the firm. External incentives to diversify include:

A cooperative agreement between a hotel chain and a casino operator would be viewed as a horizontal complementary strategic alliance because as separate entities, the two firms would compete for the same customer

Some cooperative strategies focus on reducing uncertainty

Among the challenges associated with integration processes is the need to link different financial and control systems