Which of the following statements about strategic partnerships is true?
A)Strategic partnerships are not found anywhere outside the U.S.
B)Strategic partnerships are created for the purpose of uncovering and exploiting joint opportunities.
C)Strategic partnerships typically have a shorter time horizon than functional relationships.
D)Strategic partnerships have lower levels of risk than functional relationships.
E)The strategic partnership can best be described as competitive.

Question

Quizplus · Accepted Answer

Strategic partnerships are established between two or more companies to exploit joint opportunities, share resources, and achieve mutually beneficial objectives. They aim to create synergy by leveraging each other's strengths while minimizing risk and resources. Strategic partnerships can be found across the globe and have a longer time horizon than functional relationships, which are usually short-term and task-oriented. While strategic partnerships involve some level of competition, they are primarily collaborative in nature.

Which of the Following Statements About Strategic Partnerships Is True