Trying to achieve optimal results with an unpopular strategy is always better than
achieving satisfactory results with a popular strategy.
A rational change strategy means giving orders and enforcing those orders.
Organizational change today should be viewed as a project or event rather than as a
continuous project.
Individuals who own stock in a corporation are considered stakeholders.
An important question a mission statement should answer is, “What do we want to
become?”
Alvin Toffler argues that environments are becoming so dynamic and complex that they
threaten people and organizations with future shock, in his thought-provoking books
entitled Future Shock and The Third Wave.
Benchmarking is an analytical tool used to determine whether a firm’s value chain
activities are competitive compared to rivals.
A bribe is a gift bestowed to influence a recipient’s conduct.
Buying off the outstanding shares of your company from the open market to make the
company private is what going public means.
Excess specificity can stifle creativity in the formulation of an acceptable mission or
purpose.
Monitoring departmental and corporate performance regarding ethical issues can cause
firms to misalign ethical and strategic decision making.
The I/O approach to competitive advantage advocates that internal factors are more
important than external factors in a firm achieving competitive advantage.
Employee wellness cannot be a part of sustainability.