Firms participate in strategic alliances for all of the following reasons EXCEPT to: Group of answer choices retain tight control over intangible core competencies. enter competitive markets more quickly. create value that they could not develop by acting independently. gain access to resources.

Retain a tight control over intangible core competencies

Explanation:

Strategic strategy is defined as the coming together of different firms in order to achieve a shared or common objective , while still remain as individual firms. It believes in the principle o synergy that individuals will achieve more if they perform a common task together rather than combining the individual result of the same task performed different. (1+1 greater than 2)

However , this can not give a control over intangible core competencies of members companies.

Retain tight control over intangible core competencies.

Explanation:

Strategic alliances are considered as agreements that exist between two companies to carry out a project while being independent. This project is beneficial to both parties. It does not require the complexities that exist in a joint venture which makes the agreement less binding.

Some reasons for strategic alliances is to improve the product line of a company or to penetrate a new market or to have an edge over a competitor.

Companies work hand-in-hand to achieve a mutually beneficial goal or target.

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