Boeing collaborated in a strategic alliance with Fuji, Mitsubishi, and Kawasaki in the development and production of the Boeing 777 to minimize Boeing's financial exposure. What benefit of strategic alliances was Boeing seeking?

Question

Quizplus · Accepted Answer

Boeing sought to minimize its financial exposure in the development and production of the Boeing 777 by sharing the risks associated with such a large project with its partners Fuji, Mitsubishi, and Kawasaki. This strategic alliance allowed the companies to distribute the financial and operational risks among themselves, making it a less burdensome venture for each entity involved.

Boeing Collaborated in a Strategic Alliance with Fuji, Mitsubishi, and Kawasaki