Strategic objectives should be measurable, specific, appropriate, and realistic, but not constrained by time deadlines.

Strategic objectives should be measurable, specific, appropriate, and realistic, but not constrained by time deadlines.

The power of suppliers will be enhanced if they are able to maintain a credible threat of forward integration.

Strategic objectives are more specific than vision statements.

The power of suppliers will be enhanced if they are able to maintain a credible threat of forward integration.

Rivalry will be most intense when there is a lack of differentiation or switching costs.

Objectives in organizations should be clear, stated, and known by employees throughout the organization.

Objectives in organizations should be clear, stated, and known by employees throughout the organization.

Rivalry will be most intense when there is a lack of differentiation or switching costs.

Industries characterized by high economies of scale typically attract fewer new entrants.