Divestiture is selling all of a company’s assets, in parts, for their tangible worth.
The tactic of focusing on higher-order issues involves recognizing that it is often
possible to achieve similar results using different means or paths.
The only certain thing about the future of any organization is change.
Wynn and Las Vegas Sands report their net revenue in Brazil is growing more than
triple their U.S. properties.
When the correlation between dollar sales and dollar marketing expenditures has
historically been low, market penetration is an appropriate strategy.
According to Peter Drucker, asking the question “What is our business?” is synonymous
with asking the question “What is our vision?”
Before entering international markets, firms should do research to try and diminish the
risk of doing business in new markets.
Horizontal consistency is more important than vertical consistency in developing
annual objectives.
In China, business relations revolve around guanxi, or personal relations.
Forward integration strategy is especially effective when the availability of quality
distributors is so limited as to offer a competitive advantage to those firms that integrate
forward.
A mission statement, sometimes called a creed statement, can be defined as an enduring
statement of purpose that distinguishes one organization from other similar enterprises.
Good mission statements identify the utility of a firm’s products to its customers.
Four types of resources that can be used to achieve desired objectives are financial,
physical, human, and technological.
While there are a few U.S. industries that are not yet greatly challenged by foreign
competitors, many products and components within these industries too are now
manufactured in foreign countries.