Asked by Caitlyn Christy on Jun 24, 2024
Verified
When Cisco Systems Inc. of San Jose, California, and Tata Consultancy Services of Mumbai, India, entered into a relationship, they both continued to develop market-ready infrastructure and network solutions for customers, but they relied on each other to provide the training and skills that one or the other might have lacked. This relationship is best described as
A) NAFTA.
B) a strategic alliance.
C) CAFTA.
D) an international partnership.
E) a joint venture.
Strategic Alliance
A formal agreement between two or more parties to pursue a set of agreed-upon objectives while remaining independent organizations.
Infrastructure
The fundamental facilities and systems serving a country, city, or area, including transportation, communication, utilities, and public services.
Network Solutions
A company or service that provides internet hosting, domain registration, and other online services necessary for establishing and maintaining a web presence.
- Acquire knowledge on various methodologies for entering and expanding in global markets.
- Acknowledge the essentiality and obstacles in forging potent international alliances and strategic relationships.
Verified Answer
MB
Malyuun Boqorada CidaJun 25, 2024
Final Answer :
B
Explanation :
This relationship between Cisco Systems Inc. and Tata Consultancy Services is best described as a strategic alliance, as both companies are continuing to develop market-ready infrastructure and network solutions for customers while relying on each other for training and skills that may be lacking. A strategic alliance is a partnership between two or more companies that involves sharing resources, knowledge, and expertise to achieve a common goal.
Learning Objectives
- Acquire knowledge on various methodologies for entering and expanding in global markets.
- Acknowledge the essentiality and obstacles in forging potent international alliances and strategic relationships.