1) Although founded in 1967, the Association of Southeast Asian Nations (ASEAN) had
not been economically active until 1996.
2) Managers should continue to keep CSR on the backburner until regulations and
social issues in developing countries rise.
3) Around 70% of acquisitions reportedly fail.
4) The value chain is a chain of horizontal activities used in the production of goods and
services that may or may not add value.
5) A potential start-up primarily has entrepreneurial vision, drive, and leadership, which
compensate for its shortage of tangible resources.
6) Many firms establish alliances with competitors.
7) The institution- and resource-based views are two core perspectives answering the
fundamental question: “What determines the success and failure of firms around the
globe?”
8) In a low-context culture, communication relies a lot on the underlying, unspoken
context as much as on the actual spoken words.