If a stakeholder is dissatisfied with a firm, it will withdraw its support and give it to another firm

The strategic business unit (SBU) structure consists of at least three levels: the top level, the corporate headquarters; the next level, the SBUs; and the final level, SBU divisions

The more homogeneous a top management team, the more likely those managers will be innovative and willing to pursue strategic change

Strategic controls are largely subjective criteria intended to verify that the firm is using appropriate strategies for the conditions in the external environment and the company’s competitive advantages

Why do U.S. companies moving into the international market need to be sensitive to the need for local country or regional responsiveness?

Firms able to continually improve the processes used to produce, sell, distribute, and service their products across country borders enhance their ability to:

A society’s cultural characteristics influence a nation’s rate of entrepreneurship and its related practices

ValCor’s structure is made up of complex and flexible reporting relationships. The firm focuses on the marketing and product R&D functions. It is likely that ValCor employs the functional structure to implement the differentiation strategy

Employees usually have a strong preference for firms to use the internal managerial labor market when selecting top management team members and the CEO

Distributed strategic networks are the organizational structure used to manage international cooperative strategies