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Learning Goal: I’m working on a management multi-part question and need an explanation and answer to help me learn.
1. What are some of the major complexities encountered in developing cooperative strategies such as strategic alliances and joint ventures?
2. What role does competcompetition from rivals play in the eventual success of cooperative strategies? Please explain
3. What cost are incurred in developing strategic alliances? How can these costs be managed?
4. Should cost minimization or opportunity maximization be the primary goal of a cooperation strategy? Can both be achieved simultsimultaneously? Why or Why not?