Question

Match the types of governance mechanisms that a firm uses to manage its collaborative relationships with the corresponding features.

a) Contracts
b) Alliances
c) Monitoring
d) Cultural integration

_____________ - Establishing rules and expectations.
_____________ - Formal legal agreements.
_____________ - Shared values and practices.
_____________ - Supervision and oversight.

Answer 1

Contracts are formal legal agreements, alliances establish rules and expectations, monitoring involves supervision and oversight, and cultural integration refers to shared values and practices.

Step-by-step explanation:

The types of governance mechanisms that a firm uses to manage its collaborative relationships can be matched with the corresponding features as follows:

1. Contracts - Formal legal agreements.
2. Alliances - Establishing rules and expectations.
3. Monitoring - Supervision and oversight.
4. Cultural integration - Shared values and practices.