MGT 498 Wk 4 – Practice: Ch. 9, Corporate Strategy: Alliances

How does Lyft benefit from its strategic alliances with GM and Waymo?

Multiple choice question.

It provides Lyft with shares of GM and unlimited funds.

It allows Lyft to more effectively compete against Uber.

It gives Lyft access to new markets that Uber is unaware of.

Reason:

It not likely that Uber would be unaware of such markets.

It gives Lyft a winner-take-all advantage.

Strategists can grow their firms by growing organically through internal development or externally through alliances and Blank______.

Multiple choice question.

divesting businesses

PESTEL analysis

capabilities

acquisitions

A conceptual model that helps strategists choose between seeking internal development, entering into an alliance, or acquiring new resources, capabilities, and competencies is called the “______ framework.”

Multiple choice question.

capability development

organic growth

build-borrow-or-buy

internal-versus-external growth

A voluntary arrangement between firms to share knowledge, resources, and capabilities to develop products, processes, or services is known as a Blank______.

Multiple choice question.

strategic alliance

merger

hostile takeover

wholly owned subsidiary

Which of the following are reasons why firms enter into strategic alliances?

Multiple select question.

to learn new capabilities

to strengthen their competitive position

to decrease economies of scale

to enter new markets

to increase outsourcing