A cross-functional team has no artificial boundaries and thus, the team focuses on working together to achieve organizational goals.
Indicate whether the statement is true or false.
Question 2A strategic partnership ________.
A) promotes efficiencies because of its flexible and informal arrangements
B) leads to dysfunctional conflict, as opposed to synergy, among the parties involved
C) entails a lot of paperwork when creating and disbanding projects
D) does not allow either firm to retain its brand identity
Question 3Collaborative relationships between two or more organizations in which they combine their resources and capabilities for some business purpose are known as ________.
A) communities of practice
B) strategic partnerships
C) joint stock companies
D) organizational task forces
Question 4Which of the following is a characteristic of a strategic partnership?
A) It allows multiple parties to share the risks and expenses.
B) It is limited to five or fewer participants.
C) It provides access to new sources of financing.
D) It prevents rival firms from collaborating.
Question 5The management is thinking of joining hands with its one time rival, CG-VAK Software, in order to gain access to new markets and technologies. By doing this, the organization is nurturing a ________.
A) joint stock company
B) task force
C) community of practice
D) strategic partnership
Question 6Collaborative work increases communication and coordination among participants.
Indicate whether the statement is true or false.
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