“If it ain’t broke, don’t fix it” refers to managing by crisis.
Moving jobs overseas is not considered to be an unethical business practice.
Small organizations require a more elaborate and detailed strategy-evaluation system
because they are still evolving.
Return on assets is the most widely used technique for determining whether debt, stock,
or a combination of debt and stock is the best alternative for raising capital to
implement strategies.
Although a useful step in the strategic management process, value chain analysis does
little to help a firm monitor whether its prices and costs are competitive.
The purpose of matching key factors is to generate feasible alternative strategies.
Shifting focus from specific issues to more general ones may increase strategists’
options for gaining organizational commitment.
Capacity decisions concern distances from raw materials to production sites to
customers.
Since the 1980s, most countries including the USA have been steadily lowering their
tax rates.
Language, culture, and value systems differ among countries, which can create barriers
to communication and problems managing people.
Research has failed to find a positive relationship between mission statements and
organizational performance.
Gaining ownership or increased control over distributors or retailers is called forward
integration strategy.
Well-conceived and properly executed mission and vision statements do not need to be
subject to revision.