Besides reducing worker alienation and stimulating productivity, ESOPs allow firms
other benefits, such as substantial tax savings.
Most producers today sell their goods directly to consumers.
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.
Medium-sized firms tend to be divisionally structured, whereas large firms tend to use
an SBU (strategic business unit) or matrix structure.
Superior strategy formulation is well and good, but it cannot overcome an opponent’s
superiority in numbers and resources.
Small, nonprofit organizations never develop mission statements.
A major effort in R&D may be very risky if technology is changing rapidly and the
market is growing slowly.