Warby Parker makes eyeglasses. It keeps costs low through several means and has a
social mission. This is an example of a firm that uses a combination strategy.
A strength of the balanced scorecard is that it is very easy to implement and that there is
little need for executive sponsorship.
The strategic groups in the worldwide automobile industry have been very stable and
unchanging in recent years.
A simple organizational structure may lead to problems such as unclear boundaries of
authority and few career advancement options.
The importance of human capital has decreased in recent years. For this reason, many
firms have placed greater attention on attracting talent, but not on developing or
retaining it.
Technology development is a much broader concept than research and development.
The factor endowments of a country are inherited and cannot be created.
Among Theodore Levitt’s assumptions that would favor a global strategy is that
consumers around the world are becoming less price-sensitive.
An important advantage of first movers in a market is that they may establish brand
recognition that may later serve as an important switching cost.
Competitive intelligence generally does not benefit very much from gathering
information on competitors from sources in the public domain.
For a reward system to be effective, it must be perceived as fair and equitable.
Firms using a focused approach to corporate entrepreneurship typically separate
corporate venturing activities from ongoing operations of the firm.