Which strategy would be most appropriate when the distinctive competencies of two or more firms complement each other especially well?
A)Divestiture
B)Retrenchment
C)Joint venture
D)Integration
E)Conglomerate diversification

Question

Quizplus · Accepted Answer

When the distinctive competencies of two or more firms complement each other especially well, it would be most appropriate to form a joint venture. By combining their resources and expertise, the firms can create value that they may not be able to achieve on their own. This can result in increased competitiveness and expanded market opportunities. Divestiture, retrenchment, and conglomerate diversification would all involve a shift away from the firms' current core competencies and may not be the best course of action. Integration may be appropriate in some cases, but a joint venture allows for increased collaboration and sharing of expertise without the full commitment and potential risks of a merger or acquisition.

Which Strategy Would Be Most Appropriate When the Distinctive Competencies