The Microsoft/Nokia alliance that 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 Mini Case) was based on trust, respect, and transparency and is an example of the ________ approach to managing cooperative ventures.
A) cost minimization; opportunity maximization
B) opportunity maximization; cost minimization
C) cost maximization; opportunity minimization
D) bureaucratic; organic

Question

Quizplus · Accepted Answer

The Microsoft/Nokia alliance that had hundreds of pages to specify each partner's responsibilities is an example of a cost minimization approach to managing cooperative ventures. The focus is on reducing costs and limiting risk. In contrast, the Renault/Nissan alliance based on trust, respect, and transparency is an example of an opportunity maximization approach to managing cooperative ventures, where the focus is on maximizing opportunities and potential benefits.

The Microsoft/Nokia Alliance That Had Hundreds of Pages to Specify