2. a. When technology is progressing rapidly, firms are more likely to: commit t
ID: 425621 • Letter: 2
Question
2.
a.
When technology is progressing rapidly, firms are more likely to:
commit themselves to fixed assets that will rapidly become obsolete.
use linkages with other specialized firms to access resources they do not possess.
avoid forming alliances for projects that are risky and complex.
avoid becoming more narrowly specialized.
b.
Greyer Corp. has developed a special drug that kills cancer cells. While the scientists at Greyer have the knowledge, they are short on equipment, money, and marketing know-how. In this situation, the most appropriate step for Greyer would be to:
forge forward and develop the drug on its own.
find a partner to collaborate with to sell the drug.
come up with a completely new drug.
give up the idea of selling the drugs altogether.
commit themselves to fixed assets that will rapidly become obsolete.
use linkages with other specialized firms to access resources they do not possess.
avoid forming alliances for projects that are risky and complex.
avoid becoming more narrowly specialized.
b.
Greyer Corp. has developed a special drug that kills cancer cells. While the scientists at Greyer have the knowledge, they are short on equipment, money, and marketing know-how. In this situation, the most appropriate step for Greyer would be to:
forge forward and develop the drug on its own.
find a partner to collaborate with to sell the drug.
come up with a completely new drug.
give up the idea of selling the drugs altogether.
Explanation / Answer
2 a) The answer is given below:
avoid becoming more narrow specialized.
When the firms is high progressing in technology, they would avoid on limiting themselves towards innovations, as the firms would focus towards high growth with more expansion and taking risks.
2.b) The answer is given below:
find a partner to colloborate with to sell the drug
Greyer could find a partner who can invest, so that both can collaborate and sell on specialized drug as that is important on saving many people life. So that should not be stopped through shortage on money, equipments etc.
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