Lean manufacturing practices allow companies to decrease the speed of operations to a
more normal pace.
The external environment in which firms compete exerts a strong influence on firms’
profitability.
Acquisitions enable companies to accelerate their strategies.
Change drivers are not impacted by the speed of change.
Alliances can decrease returns by motivating firms to make investments that they would
not normally be willing to make.
The micro environment refers to economic, social, and legal issues confronting the
firm.
The process of resource accumulation is similar to the static possession of stocks of
resources and capabilities.
In some cases, a first-mover strategy can actually be a liability.
The Cadbury Code is a model of governance developed specifically for the
candy-making industry.
Managerial know-how is a general resource that could be exploited in any number of
contexts.
Strategically, the most important markets are those that offer an opportunity for
innovation.
International strategy affects a firm’s economic logic through its implications for
economies of scale and scope.
A firm could use an alliance to acquire additional resources and capabilities.
Stakeholders are individuals or groups who have an interest in an organization’s ability
to deliver intended results and maintain the viability of its products and services.