When two or more independent firms establish a new firm together, it is an example of a joint venture.
A strategic allowance are cooperative strategies between firms that combine their resources and capabilities in order to create a competitive advantage. One major advantage of joint venture strategic alliance is the transfer of tacit knowledge.
A corporation that does worldwide business might profit from a joint venture. Many of the advantages of foreign joint ventures include the possibility to gain additional training and knowledge, as well as the ability to engage into related business or new international regions based on geographical, as well as the acquisition of new technology and knowledge.
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The correct answer to this open question is the following.
Discuss how the fact that Louise lives in Leadville, CO, and will be competing in Birmingham, AL might affect her 40K cycling competition.
We are talking about important factors such as the altitude of one place in comparison to the other. In this case, Louise lives in Colorado, one of the highest places in the United States. When Louise practices in that kind of altitude her performance is different as would be the case in a low altitude location as Birmingham, Alabama. The body responds in a different way to the physical exercise effort.
This would be one physiological change. That is why it is recommended that she could get to Birmingham, at least two weeks before the competition so she can adjust her preparation to a low altitude place.