Lecture 6: Collaboration Strategies Flashcards

1
Q

What are the reasons for going solo? /Influencing Factors

A
  1. Availability of capabilities
  2. Protecting proprietary technologies
  3. Controlling technology development and use
  4. Building and renewing capabilities
    -> is the project key to renew or develop the firm’s capabilities
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Types of Strategic Collaborations

A
  1. Strategic Alliances
  2. Joint Ventures
  3. Licensing
  4. collaborative research organizations
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What is a Strategic Alliance?

A

= formal or informal agreement between two or more organizations to cooperate in some way
= Alliance strategy might emphasize
-> combining complementary capabilities or
-> transferring capabilities

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Joint Ventures

A

= A particular type of strategic alliance that entails significant equity investment and often establishes a new separate legal entity

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Licensing

A

= When an organization procures services or products from another company rather then producing them in-house

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Collective research organizations

A

= Organizations formed to facilitate collaboration among groups of firms

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

How to Select Your Partner in Collaboration

A

= Resource fit
= Strategic fit
= Impact on opportunities and threats
= Impact on internal strengths and weaknesses
= Impact on strategic direction

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Partner Monitoring and Governance

A

= Successful collaborations require clear, yet flexible monitoring and governance mechanisms
-> often through Contractual agreement

= Equity ownership
-> Each partner contributes capital and owns a share of equity in the alliance
-> helps to align incentives and provides sense of owenrship

= Rational Governance
-> self-enforcing governance based on goodwill, trust, reputation

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What does a partner contract include?

A
  1. What each partner is obligated to contribute
  2. How much control each partner has in the agreement
  3. When and how proceeds of collaboration will be distributed
  4. Review and reporting requirements
  5. Provisions for terminating the relationship
How well did you know this?
1
Not at all
2
3
4
5
Perfectly