PracticalSolutions is a small firm providing employee assistance programs for companies with troubled employees. PracticalSolutions frequently partners with other consulting firms to provide creative solutions for companies with personnel problems. This history of partnering exemplifies:

Question

Quizplus · Accepted Answer

The history of partnering exemplifies alignment of complementary assets. PracticalSolutions partners with consulting firms to provide creative solutions, which indicates that they are aligning their complementary assets to provide a better service to their clients. Intellectual capital refers to knowledge and expertise, technological capital refers to technology and tools used, and institutional capital refers to the reputation and networks of the company, but none of these fully capture the concept of partnering with other firms to combine complementary assets.

PracticalSolutions Is a Small Firm Providing Employee Assistance Programs for Companies