The Renault Nissan approach to managing its collaboration involves less reliance on contracts and more reliance on trust, respect, and transparency (i.e., the opportunity-maximization approach to managing cooperative strategies).

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This statement is true. The Renault Nissan approach to managing its collaboration is based on trust, respect, and transparency rather than strict contracts. This approach emphasizes maximizing opportunities for both firms and creating a more integrated partnership.

The Renault Nissan Approach to Managing Its Collaboration Involves Less