Franchising is an effective means of implementing forward integration.
Constructing an Internal Factor Evaluation Matrix is a summary step when conducting
an internal strategic-management audit.
As a balance sheet entry, goodwill represents the favor a business has acquired through
its environmentally conscious and socially responsible actions.
Anything the firm does especially well compared to rival firms could be considered a
competitive advantage.
The accounting switch from GAAP to IFRS in the U.S. is going to cost businesses
millions of dollars in fees and upgraded software systems and training.
Capacity decisions concern distances from raw materials to production sites to
customers.
Strategic-management must be a self-reflective learning process that familiarizes
managers and employees in the organization with key strategic issues and feasible
alternatives for resolving those issues.
Firms with planning systems more closely resembling strategic-management theory
generally exhibit superior long-term financial performance relative to their industry.
Most strategists believe that an organization’s well being depends on evaluation of the
strategic-management process.