Which of the following was identified in the textbook as a disadvantage of participating in strategic alliances and joint ventures? a. Gain access to a foreign market Neutralizing or blocking competitors b. Economies of scale Risk and cost sharing Partial loss of decision autonomy
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The identified disadvantage of participating in strategic alliances and joint ventures, as mentioned in the textbook, is:
d. Partial loss of decision autonomy.
While strategic alliances and joint ventures offer various advantages such as accessing foreign markets, risk and cost sharing and neutralizing competitors, one of the drawbacks is the potential loss of some decision-making autonomy. In such collaborations, decision-making processes might involve consensus-building or joint approvals, leading to a partial loss of control or autonomy in decision-making for the involved parties.