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Success for which of the following organizations will depend on its ability to gather big​ data, analyze that​ data, and then make intelligent decisions based on that​ data?

A) Consortium
B) Virtual corporation
C) Global strategic partnership​ (GSP)
D) Relationship enterprise
E) Joint venture

1 Answer

6 votes

Final answer:

Organizations such as consortia and joint ventures require big data analysis for success; they may form associations for the strength in numbers, to tackle common issues, and influence governmental policies.

Step-by-step explanation:

The success of organizations such as consortia, virtual corporations, global strategic partnerships (GSP), relationship enterprises, and joint ventures will increasingly depend on their capacity to gather big data, analyze this data, and subsequently use the insights gleaned to make informed decisions. It is vital for these collaborative business models to harness information effectively, because data-driven strategies can significantly enhance competitiveness, innovation, customer relationships, and operational efficiency.

Competing corporations might form an association for a variety of reasons. Firstly, there is strength in numbers, which can provide leverage in markets, negotiations, and more. Secondly, corporations within the same industry often face common issues that impact the industry as a whole, so banding together can be an effective way to address concerns in a unified manner. Thirdly, collective action can lead to greater influence on governmental policies that affect their sector. Therefore, the answer is (d) all of the above.

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