1. Explain why firms engage in acquisitions. ¦ Firms engage in acquisitions to (1) access new…
1. Explain why firms engage in acquisitions.
■ Firms engage in acquisitions to (1) access new markets and distributions channels, (2) gain access to a new capability or competency, and (3) preempt rivals.
2. The chapter identifies three governing mechanisms for strategic alliances: non-equity, equity, and joint venture. List the benefits and downsides for each of these mechanisms.
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