A firm has identified key benefits for developing a strategic alliance and has selected appropriate supply chain partners. Which of the following actions should the firm take to build a successful alliance with a supplier who is also a competitor?
A firm has identified key benefits for developing a strategic alliance and has selected appropriate supply chain partners. Which of the following actions should the firm take to build a successful alliance with a supplier who is also a competitor?
To build a successful alliance with a supplier who is also a competitor, the firm should establish processes to control shared information. This ensures that sensitive information is protected and that clear guidelines and agreements are in place regarding what can be shared and how it should be managed, maintaining the integrity and security of both parties' interests.
A. Establish processes to control shared information.
Answer A
Establishing processes to control shared information is crucial in maintaining a successful alliance with a supplier who is also a competitor. This involves setting up clear agreements and guidelines on what information can be shared, how it will be shared, and ensuring confidentiality.