FutureTech used an induced approach to innovation to create open innovation because it wants to be the firm whose products become the source of industry standards

Innovation is the means by which the entrepreneur creates wealth

Companies and business units of large diversified firms using the cost leadership strategy should focus on strategic controls

Acquisitions are a means of extending the company’s product line and increasing revenues. The capital market values growth. Therefore, some firms make acquisitions to improve their standing in the capital markets

Corporate governance mechanisms are designed to ensure that top-level managers make strategic decisions that best serve the interests of all stakeholders

Which of the following organizational structures will emphasize financial controls for headquarters’ evaluation of operating units while the operating units will emphasize strategic controls within their units’ performance?

__________ capital increases cooperation among individuals inside and outside the firm.

Because of recent ineffective performance, boards of directors are experiencing increasing pressure from shareholders, lawmakers, and regulators to be more forceful in preventing managers from acting in their own interest

Research suggests that institutional activism may not have a strong direct effect on firm performance, but it may indirectly influence a targeted firm’s strategic decisions, including those concerned with social issues

According to Michael Dell, an overemphasis on financial controls to produce attractive short-term results contributed to performance difficulties at Dell, Inc. This point emphasizes the importance of properly balancing the use of strategic and financial controls