Exam 12: Making Alliances and Acquisitions Work

____ refers to overconfidence in one's capabilities.

Managers involved in alliances require collaborative relationship skills.

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

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

Equity,learning and experience,relational capabilities,and nationality are four factors that may influence alliance performance.

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

Alliances preclude acquisitions.

At stage 1 in the formation of an alliance,a firm must _____.

One of the disadvantages of having strategic alliances is potential partner opportunism.

Which is one of the four phases in an alliance dissolution?

The "O" in the VRIO framework indicates opportunity.

In the context of equity-based alliances,_____ involves both firms investing in each other.

A(n)____ is an investment in real operations as opposed to financial capital.

Contractual alliances involve sharing of ownership.

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 more hard to describe the capabilities of a firm in an alliance,the greater the preference for an equity involvement.

Which is the best-case scenario for a non-equity-based alliance?

The first phase in an alliance dissolution is mediation by third parties.

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

In which type of equity-based alliance does one firm invest in another?