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Exam 9: Corporate Strategy: Strategic Alliances, Mergers and Acquisitions

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Question 41

Multiple Choice

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Which of the following summarizes the benefit of the strategic alliance between HP and DreamWorks?

A) HP and DreamWorks each strengthened their separate markets without impinging on each other's markets.
B) Both HP and DreamWorks were able to enter a new market that they would not have been able to pursue alone.
C) HP was able to enter a new market, and DreamWorks was able to strengthen its old market.
D) DreamWorks was able to enter a new market, and HP was able to strengthen its old market.

E) B) and C)
F) B) and D)

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Question 42

Multiple Choice

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When entering new geographic markets,some governments,such as those of Saudi Arabia and China,require that foreign firms have a local

A) market partner.
B) joint venture partner.
C) strategic alliance partner.
D) merger partner.

E) B) and D)
F) None of the above

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Question 43

Multiple Choice

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Supply,distribution,and licensing contractual agreements between firms,which result in vertical strategic alliances,are all examples of

Although long-standing enemies,Apple and IBM formed an alliance partnership.How did this partnership benefit both Apple and IBM?

EveningStar Inc.and The Luxur Group have together established The Luxur Star Group of hotels.EveningStar owns 49 percent and The Luxur Group has a 51 percent share in The Luxur Star Group of hotels.However,the management of The Luxur Star Group of hotels is separate from its parent companies.What alliance type does this scenario best illustrate?

When North Autos Inc.wanted to sell its cars in the country of Balvia,it lacked access to distribution channels and marketing expertise in the country.Thus,North Autos had to enter into a strategic alliance with a local automobile company to get access to the foreign partner's well-established distribution channels.Which of the following reasons for entering into a strategic alliance is best illustrated in this scenario?

In 1990,Roche,a Swiss pharmaceutical company,initially invested $2.1 billion to purchase a controlling interest in the biotech startup Genentech.In 2009,after witnessing the success of Genentech's drug discovery and development projects,Roche spent $47 billion to purchase the remaining minority interest in Genentech,making it a wholly owned subsidiary.In terms of strategic alliances,this scenario best indicates

When a firm does not have the resource required for pursuing a growth strategy,and if the resource in question is not easily tradable,the implication for the strategist is most likely to

When large,incumbent firms buy start-up companies,the transaction is generally described as a(n)

The Mansion Hotel Group purchased Red Brick Hotels for an estimated value of $120 billion.All the hotels previously owned by Red Brick Hotels are now managed by the Mansion Hotel Group and are known as Mansion hotels.What does this scenario best illustrate?

Which of the following statements is not true of tacit knowledge?

Disney became the world's leading media company to a large extent by pursuing a corporate strategy of

When a stand-alone organization is created and owned by two or more parent companies together,the strategic alliance is referred to as a(n)

Which of the following is a disadvantage of a horizontal integration corporate strategy?

Which of the following aspects of alliance management capability is paired with partner selection?

Which of the following is an example of explicit knowledge?

A _____ is best described as an approach to strategic decision making that breaks down a larger investment decision into a set of smaller decisions that are staged sequentially over time.

Which of the following is an advantage of non-equity alliances?

JetStream Airway's decision to acquire Rex Fuels Inc.proved to be ill-fated because its managers had overestimated their abilities and skills.They believed that they had the skills to manage such diversified businesses and create additional shareholder value.However,the acquisition failed to create the anticipated synergies because the managers' capabilities were restricted to the airlines industry.What does this scenario best illustrate?

New United Motor Manufacturing,Inc.(NUMMI) ,formed between General Motors (GM) and Toyota in 1984 was the first _____ in the U.S.automobile industry.