A strategic network can be characterized as a loose federation of partners participating in the network’s operations on a flexible basis

The three multidivisional structures that are used to implement a diversification strategy are the competitive form, the strategic business unit form, and the integrated form

A leveraged buyout will often result in a short-term outcome of __________, which, in turn, leads to a long-term outcome of __________.

Compared to homogeneous top management teams, heterogeneous top management teams with an internally promoted CEO are more likely to change their firm’s strategies when necessary and to support innovation

What type of buyout is most likely to lead to greater entrepreneurial activity and growth?

One problem with becoming too large is that large firms:

__________ may be necessary because acquisitions create a situation in which the newly formed firm has excess capacity in organizational functions such as sales, manufacturing, distribution, and human resource management.

When a company does not possess all of the resources needed to successfully compete against its rivals, external social capital becomes increasingly critical to the firm’s success

Firm size, firm age, the executive’s tolerance for ambiguity, and his or her commitment to strategic outcomes are all factors that may affect managerial discretion

The balanced scorecard focuses on both financial and nonfinancial controls