Which of the following collaborative arrangements is the most appropriate when firms place great importance on access to other firms' competencies?
A) Licensing in
B) Joint venture
C) Licensing out
D) Sole internal development

Question

Quizplus · Accepted Answer

Joint ventures involve sharing of ownership, control, and risks between two or more firms. This collaborative arrangement often allows for greater access to each other's competencies, as the partners work closely together to achieve a common goal. Licensing in and licensing out tend to be more limited in terms of access to competencies, as one firm is licensing a technology or product from another without necessarily having full access to the collaborating firm's overall capabilities. Sole internal development may not involve any collaboration with outside firms at all, limiting access to external competencies.

Which of the Following Collaborative Arrangements Is the Most Appropriate