MTW MetalWorks plans to go public in the next two years. In order to be listed on the New York Stock Exchange, the firm will need to restructure its present board of directors, which is made up of a majority outside independent directors, to a board of directors that is dominated by insiders and related outsiders

The competitive form of the M-form structure is characterized by complete independence among the form’s divisions. Unlike the divisions included in the cooperative structure, divisions that are part of the competitive structure do not share common corporate strengths

When used effectively, cross-functional teams will often bring about:

To effectively use strategic controls in firms using related diversification strategies, the executives must have a deep understanding of the business-level strategies being implemented within individual strategic business units

The essence of entrepreneurship is to capture most of the existing markets from less aggressive and innovative competitors

Stock option repricing, where the strike price value of the option has been lowered from its original position, sometimes happens when firm performance is poor

Amazon’s Dash button allows customers to reorder household essentials at the click of a button. This is an example of a radical, or novel, innovation that provided significant technological changes

Failures of corporate internal controls and inadequate internal control systems allowed unethical executives at such companies as Enron and WorldCom to act in their own self-interest

Institutional owners, despite their size, are usually unable to discipline ineffective top-level managers and cannot influence a firm’s choice of strategies and overall strategic direction

Generally, a board member who is a source of information about a firm’s day-to-day activities is classified as a(n) __________ director.