The need to carry out strategic partnership and whether building natural gas highway of America requires forming such a partnership. Introduction: Strategic partnership comprises of an agreement or contract between two or more parties/organization under which all stakeholders agree to share resources, capital and skills in order to have a solution for an underlying problem.

Question

Want to see more full solutions like this?

Answer 1

Question

Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter P3, Problem 1IC

Summary Introduction

To determine:

The need to carry out strategic partnership and whether building natural gas highway of America requires forming such a partnership.

Introduction:

Strategic partnership comprises of an agreement or contract between two or more parties/organization under which all stakeholders agree to share resources, capital and skills in order to have a solution for an underlying problem.

Expert Solution & Answer

Answer to Problem 1IC

It can be said that, it is difficult to manage and carry out the operation associated with a huge project that involves natural gas highway by a single company .Therefore, forming a strategic partnership will not only help in partnering the resources and technique, but will also help in addressing the issues in detail resulting in completing of the project in an efficient and effective manner.

Explanation of Solution

In this situation, clean energy fuels and Navistar international have entered into an agreement for building a natural gas highway of America. It stands significant to enter into partnership for undertaking such a huge project because it would be technically difficult for a single organization to carry out and manage the operations involved in the creation of natural gas highway. Formation of strategic alliance provides benefit to both allies and the problems related to the project can be addressed in detail.

The factor that encourages business to enter into alliance is shown below:

1. Global market access- formation of alliance helps in providing access to markets across the globe.

2. Increased revenue- Sharing resources and skills provide a chance to the allies to walk around new market for implementation of new ideas which leads to an increase in the company’s revenue. It has been stated by senior executives associated with different companies that their revenue has increased to a great extent through their alliance with other companies.

3. Capturing new customer- Every organization has an access to a limited number of customers that falls in their field of work. However, strategic alliance provides an opportunity to the company to grab customers in the markets that were previously inaccessible.

4. Exploring new areas of business- Strategic alliance provides the opportunity to the allies in exploring areas that are new for the business. The companies are able to work in new markets and increase their understanding of different type of customers. This helps in the expansion of the companies with respect to financial and physical context.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

Can you guys help me on this? Thank you! Here's the authentic insight my classmate wrote about the article they chose. Please give a little comment on this insight that my classmate just wrote. Thank you!

Hi! Can you guys help me with this? Thank you! Here's the article by Mark Chediak & Jennifer A Dlouhy from Bloomberg called US Imposes Tariffs Up to 3,521% on Southeast Asia Solar Imports Please offer authentic insights on how this article connects with global supply chain management.

How an individual attending a university can help the development of a country?

Answer 2

Question

Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter P3, Problem 1IC

Summary Introduction

To determine:

The need to carry out strategic partnership and whether building natural gas highway of America requires forming such a partnership.

Introduction:

Strategic partnership comprises of an agreement or contract between two or more parties/organization under which all stakeholders agree to share resources, capital and skills in order to have a solution for an underlying problem.

Expert Solution & Answer

Answer to Problem 1IC

It can be said that, it is difficult to manage and carry out the operation associated with a huge project that involves natural gas highway by a single company .Therefore, forming a strategic partnership will not only help in partnering the resources and technique, but will also help in addressing the issues in detail resulting in completing of the project in an efficient and effective manner.

Explanation of Solution

In this situation, clean energy fuels and Navistar international have entered into an agreement for building a natural gas highway of America. It stands significant to enter into partnership for undertaking such a huge project because it would be technically difficult for a single organization to carry out and manage the operations involved in the creation of natural gas highway. Formation of strategic alliance provides benefit to both allies and the problems related to the project can be addressed in detail.

The factor that encourages business to enter into alliance is shown below:

1. Global market access- formation of alliance helps in providing access to markets across the globe.

2. Increased revenue- Sharing resources and skills provide a chance to the allies to walk around new market for implementation of new ideas which leads to an increase in the company’s revenue. It has been stated by senior executives associated with different companies that their revenue has increased to a great extent through their alliance with other companies.

3. Capturing new customer- Every organization has an access to a limited number of customers that falls in their field of work. However, strategic alliance provides an opportunity to the company to grab customers in the markets that were previously inaccessible.

4. Exploring new areas of business- Strategic alliance provides the opportunity to the allies in exploring areas that are new for the business. The companies are able to work in new markets and increase their understanding of different type of customers. This helps in the expansion of the companies with respect to financial and physical context.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter P3, Problem 1IC

Summary Introduction

To determine:

The need to carry out strategic partnership and whether building natural gas highway of America requires forming such a partnership.

Introduction:

Strategic partnership comprises of an agreement or contract between two or more parties/organization under which all stakeholders agree to share resources, capital and skills in order to have a solution for an underlying problem.

Expert Solution & Answer

Answer to Problem 1IC

It can be said that, it is difficult to manage and carry out the operation associated with a huge project that involves natural gas highway by a single company .Therefore, forming a strategic partnership will not only help in partnering the resources and technique, but will also help in addressing the issues in detail resulting in completing of the project in an efficient and effective manner.

Explanation of Solution

In this situation, clean energy fuels and Navistar international have entered into an agreement for building a natural gas highway of America. It stands significant to enter into partnership for undertaking such a huge project because it would be technically difficult for a single organization to carry out and manage the operations involved in the creation of natural gas highway. Formation of strategic alliance provides benefit to both allies and the problems related to the project can be addressed in detail.

The factor that encourages business to enter into alliance is shown below:

1. Global market access- formation of alliance helps in providing access to markets across the globe.

2. Increased revenue- Sharing resources and skills provide a chance to the allies to walk around new market for implementation of new ideas which leads to an increase in the company’s revenue. It has been stated by senior executives associated with different companies that their revenue has increased to a great extent through their alliance with other companies.

3. Capturing new customer- Every organization has an access to a limited number of customers that falls in their field of work. However, strategic alliance provides an opportunity to the company to grab customers in the markets that were previously inaccessible.

4. Exploring new areas of business- Strategic alliance provides the opportunity to the allies in exploring areas that are new for the business. The companies are able to work in new markets and increase their understanding of different type of customers. This helps in the expansion of the companies with respect to financial and physical context.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter P3, Problem 1IC

Summary Introduction

To determine:

The need to carry out strategic partnership and whether building natural gas highway of America requires forming such a partnership.

Introduction:

Strategic partnership comprises of an agreement or contract between two or more parties/organization under which all stakeholders agree to share resources, capital and skills in order to have a solution for an underlying problem.

Expert Solution & Answer

Answer to Problem 1IC

It can be said that, it is difficult to manage and carry out the operation associated with a huge project that involves natural gas highway by a single company .Therefore, forming a strategic partnership will not only help in partnering the resources and technique, but will also help in addressing the issues in detail resulting in completing of the project in an efficient and effective manner.

Explanation of Solution

In this situation, clean energy fuels and Navistar international have entered into an agreement for building a natural gas highway of America. It stands significant to enter into partnership for undertaking such a huge project because it would be technically difficult for a single organization to carry out and manage the operations involved in the creation of natural gas highway. Formation of strategic alliance provides benefit to both allies and the problems related to the project can be addressed in detail.

The factor that encourages business to enter into alliance is shown below:

1. Global market access- formation of alliance helps in providing access to markets across the globe.

2. Increased revenue- Sharing resources and skills provide a chance to the allies to walk around new market for implementation of new ideas which leads to an increase in the company’s revenue. It has been stated by senior executives associated with different companies that their revenue has increased to a great extent through their alliance with other companies.

3. Capturing new customer- Every organization has an access to a limited number of customers that falls in their field of work. However, strategic alliance provides an opportunity to the company to grab customers in the markets that were previously inaccessible.

4. Exploring new areas of business- Strategic alliance provides the opportunity to the allies in exploring areas that are new for the business. The companies are able to work in new markets and increase their understanding of different type of customers. This helps in the expansion of the companies with respect to financial and physical context.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter P3, Problem 1IC

Summary Introduction

To determine:

The need to carry out strategic partnership and whether building natural gas highway of America requires forming such a partnership.

Introduction:

Strategic partnership comprises of an agreement or contract between two or more parties/organization under which all stakeholders agree to share resources, capital and skills in order to have a solution for an underlying problem.

Expert Solution & Answer

Answer to Problem 1IC

It can be said that, it is difficult to manage and carry out the operation associated with a huge project that involves natural gas highway by a single company .Therefore, forming a strategic partnership will not only help in partnering the resources and technique, but will also help in addressing the issues in detail resulting in completing of the project in an efficient and effective manner.

Explanation of Solution

In this situation, clean energy fuels and Navistar international have entered into an agreement for building a natural gas highway of America. It stands significant to enter into partnership for undertaking such a huge project because it would be technically difficult for a single organization to carry out and manage the operations involved in the creation of natural gas highway. Formation of strategic alliance provides benefit to both allies and the problems related to the project can be addressed in detail.

The factor that encourages business to enter into alliance is shown below:

1. Global market access- formation of alliance helps in providing access to markets across the globe.

2. Increased revenue- Sharing resources and skills provide a chance to the allies to walk around new market for implementation of new ideas which leads to an increase in the company’s revenue. It has been stated by senior executives associated with different companies that their revenue has increased to a great extent through their alliance with other companies.

3. Capturing new customer- Every organization has an access to a limited number of customers that falls in their field of work. However, strategic alliance provides an opportunity to the company to grab customers in the markets that were previously inaccessible.

4. Exploring new areas of business- Strategic alliance provides the opportunity to the allies in exploring areas that are new for the business. The companies are able to work in new markets and increase their understanding of different type of customers. This helps in the expansion of the companies with respect to financial and physical context.

Answer 6

Chapter P3, Problem 1IC

Summary Introduction

To determine:

The need to carry out strategic partnership and whether building natural gas highway of America requires forming such a partnership.

Introduction:

Strategic partnership comprises of an agreement or contract between two or more parties/organization under which all stakeholders agree to share resources, capital and skills in order to have a solution for an underlying problem.

Expert Solution & Answer

Answer to Problem 1IC

It can be said that, it is difficult to manage and carry out the operation associated with a huge project that involves natural gas highway by a single company .Therefore, forming a strategic partnership will not only help in partnering the resources and technique, but will also help in addressing the issues in detail resulting in completing of the project in an efficient and effective manner.

Explanation of Solution

In this situation, clean energy fuels and Navistar international have entered into an agreement for building a natural gas highway of America. It stands significant to enter into partnership for undertaking such a huge project because it would be technically difficult for a single organization to carry out and manage the operations involved in the creation of natural gas highway. Formation of strategic alliance provides benefit to both allies and the problems related to the project can be addressed in detail.

The factor that encourages business to enter into alliance is shown below:

1. Global market access- formation of alliance helps in providing access to markets across the globe.

2. Increased revenue- Sharing resources and skills provide a chance to the allies to walk around new market for implementation of new ideas which leads to an increase in the company’s revenue. It has been stated by senior executives associated with different companies that their revenue has increased to a great extent through their alliance with other companies.

3. Capturing new customer- Every organization has an access to a limited number of customers that falls in their field of work. However, strategic alliance provides an opportunity to the company to grab customers in the markets that were previously inaccessible.

4. Exploring new areas of business- Strategic alliance provides the opportunity to the allies in exploring areas that are new for the business. The companies are able to work in new markets and increase their understanding of different type of customers. This helps in the expansion of the companies with respect to financial and physical context.

Answer 7

Chapter P3, Problem 1IC

Summary Introduction

To determine:

The need to carry out strategic partnership and whether building natural gas highway of America requires forming such a partnership.

Introduction:

Strategic partnership comprises of an agreement or contract between two or more parties/organization under which all stakeholders agree to share resources, capital and skills in order to have a solution for an underlying problem.

Answer 8

Expert Solution & Answer

Answer to Problem 1IC

It can be said that, it is difficult to manage and carry out the operation associated with a huge project that involves natural gas highway by a single company .Therefore, forming a strategic partnership will not only help in partnering the resources and technique, but will also help in addressing the issues in detail resulting in completing of the project in an efficient and effective manner.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Explanation of Solution

In this situation, clean energy fuels and Navistar international have entered into an agreement for building a natural gas highway of America. It stands significant to enter into partnership for undertaking such a huge project because it would be technically difficult for a single organization to carry out and manage the operations involved in the creation of natural gas highway. Formation of strategic alliance provides benefit to both allies and the problems related to the project can be addressed in detail.

The factor that encourages business to enter into alliance is shown below:

1. Global market access- formation of alliance helps in providing access to markets across the globe.

2. Increased revenue- Sharing resources and skills provide a chance to the allies to walk around new market for implementation of new ideas which leads to an increase in the company’s revenue. It has been stated by senior executives associated with different companies that their revenue has increased to a great extent through their alliance with other companies.

3. Capturing new customer- Every organization has an access to a limited number of customers that falls in their field of work. However, strategic alliance provides an opportunity to the company to grab customers in the markets that were previously inaccessible.

4. Exploring new areas of business- Strategic alliance provides the opportunity to the allies in exploring areas that are new for the business. The companies are able to work in new markets and increase their understanding of different type of customers. This helps in the expansion of the companies with respect to financial and physical context.

Answer 12

Ch. P3 - Prob. 1IC Ch. P3 - Prob. 2IC Ch. P3 - Prob. 3IC

Answer to Problem 1IC

Explanation of Solution

Want to see more full solutions like this?

Chapter P3 Solutions