Microsoft and Nokia formed an alliance that had hundreds of pages to specify each partner's responsibilities.This would be closest to the __________ approach to managing cooperative ventures.In contrast, the Renault and Nissan formed an alliance that was based on trust, respect, and transparency.This is an example of the __________ approach to managing cooperative ventures.
A) cost-minimization; opportunity-maximization
B) opportunity-maximization; cost-minimization
C) cost-maximization; opportunity-minimization
D) bureaucratic; organic

Question

Quizplus · Accepted Answer

The Microsoft and Nokia alliance, with its detailed specification of responsibilities, aligns with the cost-minimization approach, which focuses on minimizing risks and costs through detailed contracts. The Renault and Nissan alliance, based on trust and transparency, aligns with the opportunity-maximization approach, which emphasizes building relationships and maximizing opportunities through trust and collaboration.

Microsoft and Nokia Formed an Alliance That Had Hundreds of Pages