Financial ratios are rarely used as criteria to evaluate strategies.
Market commonality is the extent to which the type and amount of a firm’s internal
resources are comparable to a rival.
Political issues and stances do matter for business, especially in today’s world of instant
tweeting and e-mailing.
Whistle-blowing refers to policies that require employees to report any unethical
violations they discover or see in the firm.
Each year, Fortune publishes strategy-evaluation research on both the United States and
other countries.
The relative attention an organization will devote to meeting the claims of various
stakeholders is indicated in a good mission statement.
The element of surprise provides great competitive advantages in both military and
business strategy.
Mission statements cannot be stated with too high a level of specificity.
Wisconsin recently passed a law eliminating most collective-bargaining rights for the
state’s public-employee unions.
According to George Steiner, vagueness has no place in a good mission statement.
Successful strategy formulation generally rests upon the ability of an organization to
sell some product or service.
Most executives believe that some strategic information should remain confidential to
top managers.