Regardless of the size of the organization, a certain amount of “management by
wandering around” at all levels is essential to effective strategy evaluation.
Leverage ratios measure a firm’s ability to meet maturing short-term obligations.
Stars, Question Marks, Cash Cows, and Dogs are the four quadrants exhibited by the
SPACE Matrix.
Objectives provide direction and allow for organizational synergy.
The percentage of persons age 65 or older will reach 20 percent in the United States in
2018.
Military success is usually the happy result of accidental strategies, but business success
is the product of continuous attention to changing conditions and insightful adaptations
to those conditions.
Strengths-opportunities strategies are based on using a firm’s internal strengths to take
advantage of external opportunities.
Whistle-blowing refers to policies that require employees to report any unethical
violations they discover or see in the firm.
The poor reward structure is one reason managers do not engage in strategic planning.