According to the text, effective e-teams identify group members with a proper balance
of technical and interpersonal skills.
A major disadvantage of a divisional structure is that when divisions are separated to
manage individual product markets, there is a separation of strategic and operational
control.
According to the text, the factor that most distinguishes a superior team from a good
team is talent.
The market life cycle should be used as a short-run forecasting device because it
provides a conceptual framework for understanding what changes typically occur.
Explicit knowledge is generally known to everyone in the firm and is not a critical
concern of management.
Portfolio management should be considered as the primary basis for formulating
corporate-level strategies.
Some leading edge companies are applying the prosumer concept. Here, firms team up
with their suppliers and alliance partners to satisfy their customer needs.
A disadvantage of firms that successfully integrate overall cost leadership and a
differentiation strategy is that they are relatively easy for competitors to imitate.
The Internet offers few advantages for focusers because niche players and small
companies cannot implement capabilities as effectively as their larger competitors.
According to the text, formulating strategy includes taking into consideration strategy at
the business, corporate, and international levels.
Corporate-level strategy focuses on gaining short-term revenue through managing
operations in multiple businesses.
During the growth stage of the market life cycle, customers are very likely to establish
brand loyalty.
Demanding domestic consumers tend to push firms to move ahead of companies in
other countries where consumers are less demanding and more complacent.