Lesson 3 - strategic alliance

Strategic alliances are formal agreements between two or more companies to pursue a set of agreed-upon objectives while remaining independent organizations.

• True

• False

In a strategic alliance, companies typically share all their resources equally.

• True

• False

Strategic alliances can only be formed between companies in the same industry.

• True

• False

One of the main benefits of a strategic alliance is the ability to enter new markets more rapidly.

• True

• False

Strategic alliances are always long-term arrangements.

• True

• False

Risk-sharing is one of the advantages of forming a strategic alliance.

• True

• False

Intellectual property is typically not shared in a strategic alliance.

• True

• False

Strategic alliances can help companies leverage complementary strengths.

• True

• False

Once a strategic alliance is formed, it cannot be dissolved without legal consequences.

• True

• False

Cultural compatibility is an important factor to consider when forming a strategic alliance.

• True

• False