To determine:
The need to carry out strategic
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 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?
Chapter P3 Solutions
MINDTAP MANAGEMENT FOR DAFT/MARCIC'S UN
- Please use the screenshots to asnswer question Give a brief analysis of the data found in the pie chart as well as thosefound in the two column charts created (in your MS Excel assignment),considering the recent move to conducting government transactionsonline and include these graphics in the report.arrow_forwardDiscuss Coca Cola’s approach to diversity using the following three (3) dimensions of Hofstede’s model of cultural differences: Power distance Individualism versus collectivism Masculinity-femininityarrow_forwardCoca-Cola and Cultural Diversity The Coca-Cola Company’s global diversity mission is to mirror the rich diversity of the marketplace it serves and be recognized for its leadership in diversity, inclusion and fairness in all aspects of its business, including workplace, marketplace, supplier and community, enhancing the Company’s social licence to operate. Diversity is at the heart of Coca-Cola’s business. It strives to create a work environment that provides all its associates equal access to information, development and opportunity. By building an inclusive workplace environment, it seeks to leverage its global team of associates, which is rich in diverse people, talent and ideas. Coca-Cola sees diversity as more than just policies and practices. It is an integral part of who it is as a company, how it operates and how it sees the future. As a global business, Coca-Cola’s ability to understand, embrace and operate in a multicultural world, both in the marketplace and in the…arrow_forward
- Discuss four (4) challenges that Coca-Cola might face to manage leadership, inclusion and fairness in all aspects of its business in a multicultural and globally diverse environment. (Please include scholarly references and in text citations within the last 5 years).arrow_forwardDo not copy-paste from other similar ques answer, because I need different one. TASK DESCRIPTION Children educatio Personali Cross- Spouse's n willingne allowanc ss to travel cultural compete Prior ncies internati onal Spouseoverseas job assistanc Host country housing assistanc Income tax equalisati on policy Overseas health care plan Length of the foreign assignme Career experienc Age Receptivity to Internation al Careers Family status Gender nt and repatriati Marital status Educatio Destinati Opportun on on Company ities for country planning culture career || support (Tarique et al., 2015) Tarique et al. (2015) developed the receptivity to international careers framework. Reflecting on generational differences in contemporary organisations, you are required to evaluate this model critically by addressing the following: 1. Identify the factors that are more important to Gen X, Gen Y, and Gen Z in their receptivity to international assignments. (1,500 words) 2. Critically discusses how…arrow_forwardDiscuss the recent trends in board composition, such as the increasing presence of female andindependent directors. write in an essay form using simple basic english(25 marks)arrow_forward
- Discuss the recent trends in board composition, such as the increasing presence of female andindependent directors. (25 marks)arrow_forwardPlease use the screenshots of the updated excel sheet to answer question. based on the updated excel sheet inform these stakeholders of three (3) benefits of conductingcustomer surveys as a proactive approach to gathering feedback andimproving the effectiveness of the new initiative and how Microsoft Excelmade it easy to process the data to derive the information presented in the report.arrow_forwardWhat is the better so net poem about sandwiches 5 days ago . Response a or response barrow_forward
- Kim and Park (2011) argue that corporate social responsibility (CSR) activities not only have value for benefitting social causes but can also be regarded as recruiting tools for attracting potential employees who perceive the organization and its CSR activities as an ethical fit. The foundation of this argument comes from an organizational perspective that views employees as important assets for a corporation. Coming from this perspective would mean that corporations would be cognizant about the imperative to have an active CSR program that matches corporate values, missions, and cultures. Walmart Inc is the company of choice. What are Walmart Inc CSR activities? What do these activities communicate about Walmart Inc? Assess whether these activities are cause beneficial or cause exploitative? Give evidence for the answer. Would it be considered working for Walmart Inc?arrow_forwardThe following cost data relate to the office overhead costs of Hamilton Accounting Services during the just-completed year: • Office rent: $32,400 Office supplies: $6,980 Utilities, office: $18,250 • Salary, office manager: $62,180 • Salary, receptionist: $40,560 • • Depreciation-office equipment: $13,750 Software licensing fees: $27,320 Other miscellaneous expenses: $35,600 Total overhead costs: $237,040 The company applies overhead costs using a predetermined overhead rate of $7 per accountant hour. A total of 36,200 accountant hours was recorded for the year. Compute the amount of under- or overapplied overhead cost for the year.arrow_forwardDescribe the need for financial reports for the following stakeholders.a. The Community (3 marks)b. Creditors (4 marks)arrow_forward
Understanding Management (MindTap Course List)ManagementISBN:9781305502215Author:Richard L. Daft, Dorothy MarcicPublisher:Cengage Learning
Foundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
Foundations of Business - Standalone book (MindTa...MarketingISBN:9781285193946Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
MarketingMarketingISBN:9780357033791Author:Pride, William MPublisher:South Western Educational Publishing
Management, Loose-Leaf VersionManagementISBN:9781305969308Author:Richard L. DaftPublisher:South-Western College Pub