1. Discuss the reasons that companies embark on cross-border strate- gic alliances. What other motivations may prompt such alliances? What are the driving forces for firms in emerging economies to embark on strategic alliances? How can SMEs expand abroad through relationships with MNCs?

2. Why are there an increasing number of mergers with companies in different industries? Give some examples. What industry do you think will be the next for global consolidation?

3. Discuss the problems inherent in developing a cooperative alli- ance to enhance competitive advantage, which also incurs the risk of developing a new competitor.

4. What are the common sources of incompatibility in cross-border alliances? What can be done to minimize them?

5. Explain what is necessary for companies to successfully imple- ment a global sourcing strategy.

6. Discuss the political and economic situation in the Russian Feder- ation with your class. What has changed since this writing? What are the implications for foreign companies to start a joint venture there now?

7. What is involved in strategic implementation? What is meant by creating a "system of fits" with the strategic plan?