| Strategic alliances have shown their efficiencies in reality, but the failure rate high to 50% is not satisfying. Although there are many different forms of strategic alliances actually, they all have the organization structure mixed with rigidity and flexibility, the asymmetrical information structure and separate decision structure. Adequately using outer resources, enhancing the competition advantages and dynamic entry barrier and obtaining the rent of strategic alliances produced by the specific assets and the matching of resources are the natural drives for firms to participate in strategic alliances. Strategic alliance can be seen as a form of team production to which allied firms input resources. Many problems, such as inconsistent strategies, deficient specific assets and lacking of the matching of resources, allocation and deficient input of resources, will influence the stability and performance of the strategic alliances. So four parts of contents as follows are researched in this paper:1. Actually, many strategic alliances have central firms. The central firms always have more power in strategic alliances. From the origins of the firm power in strategic alliances, the characters of the firm power are analyzed, which will influence the stability and performance of strategic alliances.2. Strategic alliance can be seen as an agreement among the firms as team members. The stability of strategic alliances is also the stability of the agreement in nature, and then it is showed as the self-enforcement of agreement. From the factors which influence the self-enforcement of agreement and the characters of the firm power in strategic alliances, the relations between the firm power and the self-enforcement of agreement and the stability of the strategic alliances are analyzed.3. From the source-based view, improved principal-agent model which contains the resource input by principal and uses the Cobb-Douglas production function much... |
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