Mass communication and high technology have led to highly individualized and distinct
patterns of consumption in diverse cultures worldwide.
When developing an organizational chart, the title president should be reserved fo the
top executive of the firm.
A ritual is a standardized, detailed set of techniques and behaviors used to manage
anxieties.
Diversification strategies are becoming more popular as organizations are finding it
easier to manage diverse business activities.
Good intuitive judgment is always needed to determine appropriate weights and ratings
in the input stage matrices.
The process of performing an internal audit, compared to the external audit, provides
more opportunity for participants to understand how their jobs, departments and
divisions fit into the whole organization.
Market development includes introducing present products into new geographic areas.
One of the dangers of remaining a local competitor is that more aggressive companies
will use their global growth to capture economies of scale and learning.
In order for a firm to achieve sustained competitive advantage, a firm must continually
adapt to changes in external trends and events and effectively formulate, implement,
and evaluate strategies that capitalize upon those factors.
All strategists have similar attitudes, values, ethics and concerns for social
responsibility.
India is increasing tariffs on foreign steel.
In China, one should eat heartily to demonstrate enjoyment of the food.