“In an era of globalization, firms build cross-border alliances or international strategic alliances (ISAs) to achieve certain strategic objectives, such as knowledge creation, with the help of overseas partners. Working with partners complicates the operation of such alliances, however, particularly when the partner firms come from countries with very different cultures, institutions, and levels of economic development. Do you agree with this statement? If yes, what would you propose to make international strategic alliances more effective/successful?

Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter2: Some Tools Of The Economist
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“In an era of globalization, firms build cross-border alliances or international strategic alliances (ISAs) to achieve certain strategic objectives, such as knowledge creation, with the help of overseas partners. Working with partners complicates the operation of such alliances, however, particularly when the partner firms come from countries with very different cultures, institutions, and levels of economic development.

Do you agree with this statement? If yes, what would you propose to make international strategic alliances more effective/successful?

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