Intellectual property rights are easier to define and protect than property rights for
physical assets (e.g., plant and equipment).
Sales quotas, operating budgets, and production schedules are examples of traditional
controls.
360-degree evaluation systems are not useful due to the need to integrate large amounts
of feedback.
Management innovations such as total quality, just-in-time, benchmarking, business
process reengineering, and outsourcing are important, but not enough for building
sustainable competitive advantage.
Complement products typically have no impact on the value of products and services of
the firm.
To obtain venture capital financing, business founders often have to give up some
ownership and control of their business.