Path dependency has no impact on the inimitability of resources.
Symbiosis is the ability to recognize interdependencies among the interests of multiple
stakeholders within and outside an organization.
The power of a buyer group is increased if the buyer group has less concentration than
the supplier group.
Offshoring takes place when a firm decides to shift an activity that they were previously
performing in a domestic location to a foreign location.
A number of choices government officials make are based on projections about future
interest rates. The projections are soft trends.
The Internet is a leading component in the rising emergence of digital technology.
Michael Porter’s Five-Forces Analysis is a dynamic tool for analyzing industry
attractiveness.
Reasons for acquisition failure include: ineffective integration of the acquisition, too
high of a premium paid for the common stock of the target company, or inability to
understand how the assets of the acquired firm would fit with the lines of business of
the existing company.
Arbitrage opportunities are more than simple trading opportunities and account for a
large part of the success Walmart experiences.
The Hewlett-Packard and Autonomy merger in 2011 is an example of a successful
merger.
Innovation efforts of the firm rarely benefit from partnering with non-business entities
such as universities and government agencies.
The example of Dennis Bakke, CEO of AES, in which he and his team took
responsibility for employees who lied to the EPA about water quality at the plant,
suggests that for an ethical organization, it is not necessary to do more than just take
strong punitive action against those who act contrary to the company-established
expected behavior.
All diversification moves, including those involving mergers and acquisitions, erode
performance.
IBM leverages its competencies in computing technology to provide health care
services. This is an example of a core competence being used across dissimilar
businesses within the same corporation.
Strategic management consists of the analyses, decisions, and actions an organization
undertakes in order to create and sustain competitive advantages.