The two basic approaches to successfully managing cooperative strategic alliances involve ____ and ____.
A) cost minimization,opportunity maximization
B) monitoring systems,multiple management approaches
C) trustworthiness,large financial reserves
D) knowledgeable managers,skilled employees

Question

Quizplus · Accepted Answer

The two basic approaches to successfully managing cooperative strategic alliances involve cost minimization, which involves finding ways to reduce the costs associated with the alliance, and opportunity maximization, which involves identifying and pursuing the opportunities created by the alliance. Both of these approaches are important for maximizing the benefits of the alliance while minimizing the risks and costs associated with it. Monitoring systems, trustworthiness, and skilled employees are also important for successful alliance management, but they are not the two basic approaches described in the question.

The Two Basic Approaches to Successfully Managing Cooperative Strategic Alliances