A firm has identified key benefits for developing a strategic alliance and has selected appropriate supply chain partners. Which of the following actions should the firm take to build a successful alliance with a supplier who is also a competitor?
A.
Establish processes to control shared information.
B.
Negotiate contracts that maximize the firm's profits.
C.
Instruct employees to ignore the competitive aspect of the relationship.
Establishing processes to control shared information is crucial in maintaining a successful alliance with a supplier who is also a competitor. This involves setting up clear agreements and guidelines on what information can be shared, how it will be shared, and ensuring confidentiality.
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