Vision statements communicate:

Radical innovation involves:

Decision-making models help managers:

Motivation theories help managers:

Performance appraisals help managers:

Location economies are the economies that arise from performing a value creation activity in the optimal location for that activity, wherever in the world that might be.

Ethics in management primarily involves:

According to Michael Porter, the only way for firms to create superior value is to export all manufacturing processes.

Companies that assume a high degree of class consciousness are better able to establish a competitive advantage in the global economy.

Pressures for local responsiveness may make it necessary for a company to place marketing functions within overseas subsidiaries.