study guide 7

Question 1

Four hybrid forms that allow for organizing innovation.

Answer 1

short-term contracts

Long-term contracts (licensing or franchising)

Equity alliances (majority-equity, minority-equity)

Joint ventures

Question 2

strategic alliances

Answer 2

are voluntary arrangements between firms. these arrangements are made to access knowledge, resources and capabilities. They cause a relation view of competitive advantage and allow the firms to obtain flexibility and reduced uncertainty. Finally, strategic alliances allow firms to enter new markets

Question 3

Vertical complementary strategic alliance

Answer 3

is formed between firms that agree to use their skills and capabilities in different stages of the value chain to create value for both firms. An example of such an alliance is outsourcing

Question 4

A horizontal complementary strategic alliance

Answer 4

is formed when partners who agree to combine their resources and skills to create value in the same stage of the value chain. Focus is placed on long term product development and distribution opportunities

Question 5

Intra firm networks

Answer 5

Is one among employees, between teams, divisions, business units, and other actors operating within a firm

Question 6

Business model

Answer 6

A firms plan to make money and continue operations. in other words, it is about putting technology strategy into action