Business, Management and Accounting
8 years ago

Strategic alliances predict firm structure in high-tech new ventures.

The Journal of Applied Management and Entrepreneurship
Strategic Alliance Choice: Usefulness of Proposed Theories
Joette Wisnieski, Ramesh G. Soni

Paper Summary

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Three theories explain why new ventures choose strategic alliances: resource dependency theory, transaction cost theory, and strategic choice theory. The study found that the firm's motivation for an alliance can predict the structure of the alliance. Strategic alliances are formal partnerships between organizations that offer strategic advantages. These partnerships can involve ownership (equity) or long-term contracts (non-equity). The research focused on high-tech new ventures that went public between 1989-1995 and found that the theories on firm motivation were reliable predictors of alliance structure.