Week 6 - Ch. 11 Flashcards Preview

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Flashcards in Week 6 - Ch. 11 Deck (12)
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1
Q

acquisition

A

is achieved by purchasing a majority of shares in a target company

2
Q

co-evolution

A

underlines the way in which partners, strategies and capabilities need to evolve in harmony in order to reflect constantly changing environments

3
Q

collaborative advantage

A

is about managing alliances better than competitors

4
Q

collective strategy

A

how the whole network of alliances, of which an organization is a member, competes against rival networks of alliances

5
Q

corporate entrepreneurship

A

refers to radical change in an organization’s business, driven principally by the organization’s own capabilities

6
Q

divestiture

A

when a business no longer fits the corporate strategy it may be sold

7
Q

merger

A

the combination of two previously separate organizations in order to form a new company

8
Q

organic development

A

is where a strategy is pursued by building on and developing an organization’s own capabilities

9
Q

organisational fit

A

refers to the match between the management practices, cultural practices and staff of characteristics between the target and the acquiring firms

10
Q

strategic alliance

A

where two or more organizations share resources and activities to pursue a common strategy

11
Q

strategic fit

A

the extent to which the target firm strengthens or complements the acquiring firm’s strategy

12
Q

trust

A

becomes highly important to the success of alliances over time