CHAPTER 11

Strategic Alliances

LEARNING OBJECTIVES

After reading this chapter, you should be able to:

  1. 11.1 Define a strategic alliance and give three specific examples of strategic alliances.
  2. 11.2 Describe how strategic alliances can create value for firms.
  3. 11.3 Describe how adverse selection, moral hazard, and holdup can threaten the ability of alliances to generate value.
  4. 11.4 Describe the conditions under which a strategic alliance can be rare and costly to duplicate.
  5. 11.5 Describe how contracts, equity investments, firm reputations, joint ventures, and trust can all reduce the threat of cheating in strategic alliances.
From Alliance to Impact: Pfizer and BioNTech’s Joint Venture in COVID-19 Vaccine Production

The strategic alliance between ...

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