The students will acquire basic knowledge about main theories concerning cooperative strategies between firms and single agents and will be able to assess the feasibility of individual or collective course of action.
The course will focus on the analysis of the expected benefits and costs of the development of cooperative practices between firms. To this subject the first part of the course is dedicated. The second part will discuss the procedures partners selection and the role of governance mechanisms. The analysis will be extended to contractual safeguards and enforcement mechanisms. Finally, emphasis will be given to contextual, cultural and institutional factors impacting the decisions to start and develop cooperative practices.
At the end of the course students will have acquired:
a) the knowledge needed to identify the benefits but also the risks associated to the start of cooperative practices between firms;
b) the ability to apply the knowledge gained in operational contexts such as joint ventures, strategic alliance (in domestic as well as international contexts);
c) the critical capacity (independent judgment) to compare the different alternatives and make decisions rationally justified;
d) the basic skills in the assessment of the opportunities and the risks associated with the start of cooperative practices between firms;
e) the ability to learn through critical analysis of the solutions adopted