By Katharina Wratschko, Prof. Dr. Gerhard Speckbacher
Strategic alliances became a vital part of a firm’s process. regardless of the growing to be empirical facts of the strategic value of alliances, the impression of a firm’s method at the layout of its alliance portfolio has hardly ever been addressed through strategic administration research.
Following the resource-based view, social community conception and transaction expense idea, Katharina Wratschko indicates the complicated courting among a firm’s company technique and its alliance portfolio. utilizing Miles and Snow’s strategic typology as integrative framework, pattern companies are clustered into strategic forms. effects make sure that alliance portfolio features (size, range, tie energy) range considerably among process teams in the comparable undefined. Hypotheses are established with broad information at the alliance portfolios of ninety US-listed pharmaceutical businesses (roughly 2800 alliances). effects be certain the excessive interdependence of commercial technique and alliance portfolio administration.
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Extra resources for Strategic Orientation and Alliance Portfolio Configuration: The Interdependence of Strategy and Alliance Portfolio Management
In order to better understand the sources, elements, and consequences of social capital scholars have discussed several related yet distinct dimensions of social capital. A broadly accepted approach is the classification into a structural, a relational, and a cognitive dimension of social capital (Inkpen and Tsang, 2005: 151-152; Nahapiet and Goshal, 1998: 243-244). The structural dimension refers to the overall pattern of relationships, that is who is linked to whom directly or indirectly (Burt, 1992; Wasserman and Faust, 1994).
The type of informational benefits obtained by the focal firm depends on both structural and relational characteristics of the alliance network. 5 Discussion and Synthesis The aim of this final discussion is to point out the specific contributions of the reviewed theories. Which theory should be employed for what kind of research problem? Where do they complement each other and where do they offer contradictory recommendations for the management of alliances? 40 First, I will summarize the theories’ contributions to the topic of alliance formation.
A broadly accepted approach is the classification into a structural, a relational, and a cognitive dimension of social capital (Inkpen and Tsang, 2005: 151-152; Nahapiet and Goshal, 1998: 243-244). The structural dimension refers to the overall pattern of relationships, that is who is linked to whom directly or indirectly (Burt, 1992; Wasserman and Faust, 1994). e. the type of relationship and the level of trust, norms and sanctions, obligations and expectation (Coleman, 1990; Granovetter, 1985).