Whenever a common resource can be used across more than one business unit, the
company will always generate enhanced shareholder value.
Board interlock occurs when a director sits on multiple boards.
As a result of the Sherman Antitrust Act of 1890, many large firms began expanding
into areas unrelated to their core businesses.
Price competition tends to be more intense when the industry is a secondary industry
for the major competitors in that industry.
Common board ties can influence the choice of CEO.
Southwest Airlines is a very successful low-end disrupter.
Foreign direct investment is often chosen because of the complexity of operating
internationally.
An explanation for the knowing-doing gap is that the strategy-formulation process isn’t
usually shared with stakeholders who will be integral in rolling out the strategy.
The desire for leisure can be satisfied by either romance novels or mystery books
because they are substitute products.
Escalation of commitment is a person’s belief that he or she is in greater control of a
situation than rational analysis would support.
It is not necessary for an alliance to create a separate legal entity or share equal
ownership.
Why is there an overlap between the people element and the resource-and-capabilities
element within an entrepreneurial firm?
What causes the knowing-doing gap?
What is the differentiation approach?
What are the key elements of effective strategy implementation?
What are the alternatives to dealing with the pressures of commoditization?