Forming strategic alliances for asset development
Henrik B. Sørensen and
Torger Reve
Scandinavian Journal of Management, 1998, vol. 14, issue 3, 151-165
Abstract:
This paper focuses on the formation stages of interfirm cooperation and adopts a processual approach. A four-step framework is suggested. The first step represents the decision of the focal company to cooperate or to protect its assets. The second step addresses the problem of choosing a development path. In the third step the focal company has to choose a partner or partners. The fourth step represents the decision about how companies should work together. The main idea underlying the four-step framework is to combine strategic, economic and social approaches when forming strategic alliances. More importantly, the study shows that cooperation between companies can comprise the unique assets of both parties and that ways can be found of protecting these assets while also including them in cooperative undertakings.
Keywords: Forming; strategic; alliances; cooperation; process; protection; assets; development; paths; partner; selection (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:eee:scaman:v:14:y:1998:i:3:p:151-165
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