This website uses cookies to ensure you have the best experience. Learn more

Strategic Alliances In Technological Innovations Essay

4755 words - 19 pages

STRATEGIC ALLIANCES IN TECHNOLOGICAL INNOVATIONS1.0 INTRODUCTION31.1 BACK GROUND OF THE STUDY31.2 PURPOSE41.3 SCOPE OF THE STUDY42.0 TYPES OF STRATEGIC ALLIANCES52.1 JOINT VENTURES52.2 COLLABORATION62.3 MERGERS AND ACQUISITIONS. (M&A)72.4 R&D CONSORTIA.83.0 STRATEGIC ROLES OF STRATEGIC ALLIANCES83.1 TECHNOLOGICAL SOPHISTICATION93.2 TRAINING93.3 MARKET ENTRY.93.4 SHARING RISKS AND EXPENSES.93.5 SYNERGISTIC EFFECTS OF SHARED KNOWLEDGE AND EXPERTISE.103.6 GAINING COMPETITIVE ADVANTAGE.103.7 REDUCE POLITICAL RISKS WHEN ENTERING NEW MARKETS.104.0 DRAW BACKS OF STRATEGIC ALLIANCES114.1 COMPETING INTEREST.114.2 DEDICATION OF RESOURCES.124.3 ATTENDING TO GOVERNANCE125.0 STRATEGIC ALLIANCE PROCESS IN TECHNOLOGIVAL INNOVATIONS135.1 STRATEGY DEVELOPMENT145.2 PARTNER ASSESSMENT145.3 CONTRACT NEGOTIATION145.4 MANAGEMENT AND EVALUATION OF THE ALLIANCE155.5 ALLIANCE TERMINATION155.6 ALLIANCE PORTFOLIO156.0 THEORIES TO ANALYSE STRATEGIC ALLIANCES.156.1 GAME THEORY166.2 STRATEGIC BEHAVIORAL THEORY166.3 TRANSACTIONAL COST ECONOMIES (WILLIAMSON, 1985)167.0 ANALYSIS AND CONCLUSION187.1 ANALYSIS187.2 CONCLUSION18REFERENCES191.0 INTRODUCTION1.1 BACK GROUND OF THE STUDYStrategic Alliances is defined as a formal relationship formed between two or more parties in order to pursue a set of agreed goals or to meet a critical business need while they remain independent firms. It can take many forms in terms of exclusive supply arrangements, joint research and development, purchasing or marketing among many others Kolasky (1997).According to Dutta Weiss (1997), technology innovativeness is defined as "the extend to which a firm creates technologies which are technologically significant." The innovative performance of a company and its innovative output are what determine the innovativeness of a firm. The innovativeness of a product can be looked at in terms of its newness to the market or newness to the firm (Katobe &Swan 1995).Innovation is about creating and implementing effective ideas that achieve either a firm or market needs (Soderlund 2006). The faster the innovation the better as the world is very dynamic and the turbulence levels are high.Strategic alliances have become increasing popular over the years. Many companies now have more that one strategic partner an example being IBM who has over 10,000 alliances Kolasky, Jr. (1997).The study on Strategic Alliances in Technological Innovations is important as an important source contributing to the innovative capabilities of companies. It brings about potential action for sharing the risk related to product development as well as expansion of the knowledge base by various companies thus giving them a better strategic edge in the industry.There are many factors that have contributed to the greater need for cooperation;Globalization;Organizations are no longer competing locally for market share but are now looking at global expansion. To compete globally firms require a much larger scope of operations. Local...

Find Another Essay On Strategic Alliances in Technological Innovations

The Paradox of Cooperation and Competition in Strategic Alliances: Towards a Multi-paradigm Approach

7258 words - 29 pages AbstractCooperation and competition characterise the interfirm relationships in strategic alliances. This paper proposes a paradox approach to studying cooperation and competition. It explains the paradox perspective and provides an analytic framework for the paradox of cooperation and competition. In the light of the paradoxical nature, it advocates a multi-paradigm approach to cooperative and competitive strategies, which combines strategic

The global logic of strategic Essay

2633 words - 11 pages -ups. Johansson posits that if international strategic alliances are so beneficial, why did they not emerge earlier? In answering this, he offers two propositions: firstly that international strategic alliances in R&D occur because protect technological know-how is a thing of the past. Secondly, strategic alliances occur to leverage scarce resources when firms need to be in multiple markets to compete effectively.Murray and Mahon (1993) attempt

Global Strategic Alliences

604 words - 2 pages Many MNEs in response to globalization are becoming increasingly engaged in international business beyond their countries boundaries to achieve and maintain competitive advantages over competitors. This entry into international market is facilitated by foreign firms working together in joint venture relationships referred to as Global Strategic Alliances (GSAs). GSAs are formed by firms to gain new technology, gain access to specific markets

MARKETING ALLIANCES AND SUCESS FACTORS

3188 words - 13 pages business. Strategic alliances are formed when one company alone can not fill the gap in serving the needs of the marketplace. It involves two companies thatpool together expertise and resources to enter new markets, share financial risks and get products and services to market faster. The pharmaceutical industry provides a good example of these developments. It has been subject to rapid technological change and significant restructuring

American Auto Industry

1227 words - 5 pages Four main challenges facing the United States [American] auto industry are; competing globally, staying on top of technological innovations, controlling environmental waste products and emissions, and building and maintaining consumer confidence. All of these challenges require control over one’s own business to maintain agility, and flexibility. A business’ agility and flexibility can only be qualified in terms of the decisions makers that are

strategic alliance and types of strategic alliance - university of cardiff university - assignment

3155 words - 13 pages FEATURES WHICH CONTRIBUTE TO ACHIEVEMENT OF STRATEGIC ALLIANCE: 7 Organizational Characteristics & Behavioral of Success: 7 Determinants of Success in Alliances 7 3.1 Some of the Benefits of (Strategic Alliances) SA: 7 1) Shared Risks 7 2) Competitive advantage & synergy: 8 Examples of successful Alliances: 8 3.2 Unsuccessful factors of Strategic Alliance: 8 Unsuccessful strategic alliances causes: 8 Disadvantages: 9 High failure Rate: 9 Adverse

Companies International Alliance: International Joint Venture

881 words - 4 pages of the single firm (Bleeke and Ernst, 1991; Das and Teng, 2000). Whilst there are multiple reasons, one key difference between single-firm strategies and strategic alliances is the uncertainty among partners. When firms pursue market opportunities alone, their focus is market transactions, so there is little concern for other firms’ opportunistic behaviour. Conversely alliances involve many risks such as the risk of partner non-cooperation in

MODERN ENTREPRENEURSHIP AND STRATEGIC MANAGEMENT

957 words - 4 pages enterprises of all kinds. Innovation is very often considered as the basis of entrepreneurship, a driver toward of enterprises sustainable performance and growth (Schumpeter, 1932; Davidsson, 2004). There are two basic strategic options in innovation of a business: Development of their own innovations and technological solutions and turning them it into a competitive advantage of their own businesses, and / or The development of technological

Strategic Alliance in an Organization

4277 words - 17 pages process to manage the company internally as a result of strategy, and also externally that is to do things differently to create distinctive competitiveness. It is about how the company performs different activities from rivals or performing similar activities in different ways. To learn how to create strategies and put them into action, the company should analyze carefully the importance of stakeholders, strategic alliances, strategy formulation

Strategic network

4137 words - 17 pages of strategic networks.According to the definition of above, the strategic networks is a broad concept. It comprises strategic alliance, joint venture, GSPs (Global Strategic Partnerships), etc. Strategic alliances and joint ventures are two important patterns, which are seen in management studies frequently. They are two contrastive arrangements.3.1 The definition of strategic alliance and joint ventureStrategic alliances refer to "collaborative

Strategic Planning and Strategic Management - University of Phoenix - Assignment

605 words - 3 pages alliances, international strategy, disruptive business models, and competitors interaction. The main goal of the strategy formulation process is to specify a high level plan, and set of actions or activities that the company will have to do, in order to gain the advantage over the competition. Strategy implementation is the final step in which the strategic management develop or implement a strategy that was chosen during the strategy formulation

Similar Essays

Strategic Alliances In Aviation Industry Essay

1600 words - 6 pages Strategic Alliances in Aviation Industry: An Assessment of perception of business travellers and benefits of international network development as derived by airlines operators Proposal Summary The proposed study is aimed at identifying the reasons and success factor of increasing alliances being witnessed in airlines sector. Strategic alliances have proven to be successful in other sectors like manufacturing and automobiles but the

Technological Innovations In Industries Essay

1178 words - 5 pages restaurants to satisfy guests’ expectations, the profit that enterprises make from various means and also about QR codes. Innovation in the hospitality industry Managers in the hospitality industry with set of guidelines that can be used to develop and support various types of innovations with the purpose of improving customer satisfaction, profitability and market competitiveness. The last word of technologies reflects on purchase decisions and customer

Particular Skills And Abilities Needed To Develop In A Department That Specializes In Strategic Technology Alliances

1190 words - 5 pages question remains: What can managers do to improve the effectiveness of their strategic partnerships?What is strategic alliance?To begin, we must have a definition of strategic alliance. In her book, Intelligent Business Alliances (3, p.4), author Larraine Segil defined an alliance as "a relationship that is strategic or tactical, and that is entered into for mutual benefit by two or more parties having compatible or complementary business

The Paradox Of Cooperation And Competition In Strategic Alliances Towards A Multi Paradigm Approach

7012 words - 28 pages AbstractCooperation and competition characterise the interfirm relationships in strategic alliances. This paper proposes a paradox approach to studying cooperation and competition. It explains the paradox perspective and provides an analytic framework for the paradox of cooperation and competition. In the light of the paradoxical nature, it advocates a multi-paradigm approach to cooperative and competitive strategies, which combines strategic