When performing projected financial analysis, the balance sheet should be prepared
before the income statement.
By 2075, the United States will have no racial or ethnic majority.
Major competitors’ strengths may represent key threats.
Good ethics is not a prerequisite for good strategic management.
There are now more American households consisting of married couples with children
than of people living alone or with unrelated people.
Organizational change today should be viewed as a project or event rather than as a
continuous project.
An effective CI program allows all areas of a firm to access consistent and verifiable
information in making decisions.
The percentage-of-sales method should be used for projecting the cost of goods sold
and the expense items in the income statements.
Monitoring departmental and corporate performance regarding ethical issues can cause
firms to misalign ethical and strategic decision making.
History has proven that the lower the trust and confidence of people in the ethics of an
institution or society, the greater its economic strength.
An increase in interest rates is directly related to an increase in discretionary income
and an increase in the demand for discretionary goods.
Political, governmental, and legal factors can represent key threats or opportunities for
both small and large organizations.
Effective strategy formulation can usually guarantee successful strategy
implementation.
Liquidation is often appropriate when retrenchment and divestiture have failed.
Ralph Nader believes that big firms like ExxonMobil, which has more assets than most
countries, have an obligation to help society cure its many ills.