The Microsoft/Nokia alliance (Chapter 9 Strategic Focus) which had hundreds of pages to specify each partner's responsibilities would be closest to the _______ approach to managing cooperative ventures. In contrast, the Renault/Nissan alliance (Chapter 9 Strategic Focus) was based on trust, respect and transparency and is an example of the ________ approach to managing cooperative ventures.

Question

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The first partnership, between Microsoft and Nokia, focuses on clearly delineating responsibilities and minimizing costs, which aligns with a cost minimization approach. The second partnership between Renault and Nissan is based on trust, respect, and transparency, which aligns with an opportunity maximization approach.

The Microsoft/Nokia Alliance (Chapter 9 Strategic Focus) Which Had Hundreds