A conceptual model that helps strategists choose between seeking internal development, entering into an alliance, or acquiring new resources, capabilities, and competencies is called the "Blank______ framework."Multiple choice question.capability developmentorganic growthInternal-versus-External growthBuild-Borrow-Buy
Question
A conceptual model that helps strategists choose between seeking internal development, entering into an alliance, or acquiring new resources, capabilities, and competencies is called the "Blank______ framework."Multiple choice question.capability developmentorganic growthInternal-versus-External growthBuild-Borrow-Buy
Solution
The correct answer is "Build-Borrow-Buy". This framework is used by strategists to decide whether to develop capabilities internally (build), form an alliance or partnership to access the resources needed (borrow), or acquire a new company to obtain its resources, capabilities, and competencies (buy).
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