Companies and business units using the differentiation strategy should emphasize financial rather than strategic controls

While smaller firms must use cooperative strategies as a means of producing innovations, larger firms with large R&D units such as P&G and 3M can produce most if not all innovations internally

As globalization grows, adequate corporate governance is becoming an important requirement for doing business with foreign firms and in foreign countries

Highly formalized rules and procedures which often emanate from the centralized staff are a characteristic of the structure used to implement the cost leadership strategy

Research has shown that internationally diversified firms are generally more innovative

More intense application of governance mechanisms such as mandated by Sarbanes-Oxley and Dodd-Frank may cause firms to take on fewer risky projects and thus increase potential shareholder wealth

As the dynamics of competition accelerate, people become a highly significant source of competitive advantage

It is not always beneficial to have a top-management team that is heterogeneous. While the firm benefits from debates engendered by the different viewpoints, it ultimately suffers from the lower quality of the team’s decisions

The Dodd-Frank Wall Street Reform and Consumer Protection Act contains provisions related to consumer protection, systemic risk oversight, and capital requirements for banks, but not for executive compensation

When a new CEO is selected from outside the firm, a change of strategy is likely, especially if the top management team is homogenous and highly cohesive