Lecture 6

Question 1

Governance structure

Answer 1

How to govern relationships with suppliers

Question 2

Three types of governance structures

Answer 2

1. Pooled interdependence
2. Sequential interdependence
3. Reciprocal interdependence

Question 3

Pooled interdependence

Answer 3

Individuals function with relative independence, but their combined actions contribute to the group goal

Question 4

Sequential interdependence

Answer 4

Team members rely on each other in predictable ways for the flow of information

Question 5

Reciprocal interdependence

Answer 5

Team members are sequentially interdependent, but also work back and forth. Members need to adjust to each other’s actions

Question 6

Hierarchical control, from less to more

Answer 6

1. Contractual alliance
2. Minority equity investment
3. Joint venture

Question 7

The higher the interdependence, the higher the …

Answer 7

Coordination costs