For each example presented in the following table, identify the strategy used fo
ID: 389065 • Letter: F
Question
For each example presented in the following table, identify the strategy used for adapting to the environment. Boundaryorganizational Mergers ventures Inter- Joint spanning roles Example Supermarket chains Kroger, Albertsons, and Safeway banded together to negotiate with labor unions Pharmaceutical companies such as AstraZeneca monitor the research going on in university laboratories to speed up the development of new drugs Wells Fargo combined with Wachovia to form the nation's fourth largest banking corporation. Delaco Steel, a U.S, steelmaker, and ArcelorMittal, a Luxembourg steelmaker work together to run two new laser welding plants.Explanation / Answer
1. Supermarket chains Kroger, Albertsons, and Safeway banded together to negotiate with labor unions.
Inter-organizational partnership as each of the supermarket adhered to their separate entity positions during the negotiation process with that of the labor unions.
2. Pharmaceutical companies such as AstraZeneca monitor the research going on in university laboratories to speed up the development of new drugs.
Boundary- spanning role- AstraZeneca’s main aim to speed up the development of new drugs to combat the competition in the industry. In boundary spanning, the managers need to know the competitors, customers and other factors that aid them to make strategic decisions.
3. Wells Fargo combined with Wachovia to form the nation’s fourth largest banking corporation.
Merger: The combining of the two companies to form one entity is called Merger. Wells Fargo merged with Wachovia to form one entity. Wells Fargo bought Wachovia and hence Wachovia is now called Wells Fargo.
4. Delco steel, a U.S steel maker and Arcelor Mittal, a Luxemburg steel maker work together to run two new laser welding plants.
Joint Venture: The two steel maker joined together maintaining their separate entities to operate two laser welding plants.
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