faqs.org » Abstracts Index » Abstracts » Economics

Building transnational alliances to create competetive advantage

Article Abstract:

The creation of strategic alliances is a common global corporate practice. The sharing of research and development expenses, access to complementary resources and the spreading of risk are some of its advantages. However, the possibility of losing competetive strength, cultural misunderstandings and poor communication are also possible in these agreements. Correct management of the alliance by the parties involved is needed to avoid this situation. Certain multinational corporations utilize a network of alliances while new industrial structures are used to coordinate instead of acquire resources.

Evaluation, International aspects, Alliances, Alliances (Government relations)

---

Building an innovative organization

Article Abstract:

An interview with Morton L. Mandel, CEO of Cleveland, OH-based Premier Industrial Corp, is presented. The company, which sells automotive fasteners, is known for consistently outstripping competitors and performing above industry levels. The company's success is attributed by Mandel to two factors, a systematic nuts and bolts approach to managing and employee empowerment. These two approaches ensure that the execution of an activity becomes perfect.

Motor vehicle parts and accessories, Electronic parts and equipment, General industrial machinery, not elsewhere classified, Automobile equipment and supplies industry, Automotive parts industry, Interview, Premier Industrial Corp.

---

Some parts © 2012 Advameg, Inc.