What is the key to the successful implementation of strategic alliances?
A) the selection of an appropriate country
B) the timing of the entry
C) the selection of the local partner
D) the size of the local partner firm
E) the political environment of the country

Question

Quizplus · Accepted Answer

The selection of the local partner is crucial to the success of the strategic alliance. The local partner should have complementary resources, capabilities, and values to the foreign partner. Moreover, they should have a high level of trust, good communication, and clear objectives to ensure the cooperation between the partners. The other options might also be important, but they are secondary to the selection of the local partner.

What Is the Key to the Successful Implementation of Strategic