Exam 12: Making Alliances and Acquisitions Work

Elaborate on the factors that may influence alliance performance.

Acquisition premium is the difference between the acquisition price and the market value of the acquiring firm.

One way of combating opportunism in an alliance is to wall off critical capabilities.

A non-equity based alliance is also called a _____.

In a non-equity-based alliance,which of the following should be high for possible upgrading to equity-based relationships? 

Pre-acquisition analysis often focuses on strategic fit,which is the effective matching of ____ strategic capabilities.

The institution-based view driving alliances and acquisitions focuses on _____ concerns.

_____ are associations between firms that are based on contracts and do not involve the sharing of ownership.

Which of the following alliances is a contractual alliance? 

Elaborate on the institution-based view of alliances and acquisitions.

Influence of formal institutions is low in both equity- and non-equity-based alliances.

In the context of acquisitions,the similarity in cultures,systems,and structures between firms is called _____.

Licensing is a form of equity-based alliance.

Cross-shareholding is based on financial interest between the firms.

The three potential motives for alliances are synergistic,hubristic,and managerial motives.

The combination of operations and management of two firms to establish a new legal entity is called a(n) _____.

Every alliance or acquisition decision is driven by imitation.

In the context of alliance formation,shared capabilities is one of the driving forces in deciding whether to take a contract or an equity approach.

The set of informal institutions that stresses the cognitive pillar lays emphasis on _____.

Which of the following motives for acquisition faces the resource-based issue of access to complementary resources?