Which of the following steps should occur before selecting from potential candidates for a strategic alliance?
A) Formulating firm's strategy;
B) Eliminating and selecting promising business sectors
C) Developing partnership benchmark;
D) All of the above

Question

Quizplus · Accepted Answer

All the listed steps are crucial before selecting from potential candidates for a strategic alliance. Formulating the firm's strategy helps in understanding the firm's goals and objectives. Eliminating and selecting promising business sectors ensures focus on areas with the highest potential for success. Developing partnership benchmarks sets criteria for evaluating potential partners. These steps collectively prepare a firm for making informed decisions about strategic alliances.

Which of the Following Steps Should Occur Before Selecting from Potential