Copying another firm's management practices is an example of which strategic response?
A)Vertical integration
B)Establishment of legitimacy
C)Strategic alliance
D)Interlocking directorate
E)Acquisition

Question

Quizplus · Accepted Answer

Establishment of legitimacy involves adopting practices and behaviors that are widely accepted and respected in the industry. Copying management practices of other firms can be a way to establish legitimacy and gain acceptance in the industry. Vertical integration involves expanding a firm's operations in different stages of the value chain, strategic alliance involves collaboration with another firm to achieve mutual benefits, interlocking directorate involves having common board members with another firm, and acquisition involves purchasing another firm to expand the business. None of these options fit with copying another firm's management practices.

Copying Another Firm's Management Practices Is an Example of Which