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ng synergy across multiple businesses between firms Synergistic Strategic Alliances Allows firms to grow and relatively strong centralized control without significant capital investments Franchising However.... International Cooperative Strategies Allows risk sharing by reducing financial investment Host partner knows local market and customs International alliances can be difficult to manage due to differences in management styles, cultures or regulatory constraints Must gauge partner’s strategic intent so they do not gain access to important technology and bee a petitor Dynamic Networks Internal Networks Network strategies involve a group of interrelated firms that work for the mon good of all Example: firms in Chamber of Commerce Stable Networks Network Strategies The three types of works: Example: NIKE’s relationships with suppliers and distributors Example: Walmart work Example: Legend Group and Chinese Academy of Sciences Network Strategies Long term relationships that often appear in mature industries with largely predictable market cyc