Lecture 6 Flashcards
1
Q
Governance structure
A
How to govern relationships with suppliers
2
Q
Three types of governance structures
A
- Pooled interdependence
- Sequential interdependence
- Reciprocal interdependence
3
Q
Pooled interdependence
A
Individuals function with relative independence, but their combined actions contribute to the group goal
4
Q
Sequential interdependence
A
Team members rely on each other in predictable ways for the flow of information
5
Q
Reciprocal interdependence
A
Team members are sequentially interdependent, but also work back and forth. Members need to adjust to each other’s actions
6
Q
Hierarchical control, from less to more
A
- Contractual alliance
- Minority equity investment
- Joint venture
7
Q
The higher the interdependence, the higher the …
A
Coordination costs
