When technology is progressing rapidly

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Reference no: EM132173218

1. 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.

2. 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.

Reference no: EM132173218

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