Which of the following is instrumental in increasing the probability of a joint venture's success?
A) When the companies share complementary skills or distinctive competencies
B) The companies bidding strategy is well-developed and timed correctly
C) The duplication of facilities or functions are eliminated, and any unwanted business units are divested
D) Companies have a strong competency in the R&D unit and devote funding for continuing research
E) Large-scale entry

Question

Quizplus · Accepted Answer

When the companies share complementary skills or distinctive competencies, they can work together effectively and efficiently in a joint venture, leading to a higher probability of success. This allows for the sharing of knowledge and expertise, which can lead to innovation and a competitive advantage.

Which of the Following Is Instrumental in Increasing the Probability