Question

The goal of an opportunistic firm when entering a strategic alliance is to:

a.exploit economies of scale and scope.
b.explore ideas that will lead to product innovations.
c.identify and develop new markets.
d.acquire as much of its partner's tacit knowledge as it can.

Answer 1

An opportunistic firm aims to gain its partner's tacit knowledge through a strategic alliance, to achieve a strategic advantage and increase profits.

Step-by-step explanation:

The goal of an opportunistic firm when entering a strategic alliance is often to acquire as much of its partner's tacit knowledge as it can. Companies form strategic alliances to leverage the strengths and knowledge of another firm to improve their competitive positions, innovate new products, or enter new markets. While these alliances can also help in achieving economies of scale or exploring product innovations, an opportunistic firm primarily seeks to gain insight into the business practices, technical knowledge, or market strategies that have made their partners successful. This can result in a significant strategic advantage, allowing the opportunistic firm to potentially achieve above-normal profits and a stronger market position.