In general, firms can be MOST effective if they develop business-level strategies that will serve the needs of the “typical customer” in the industry

Without strict governance mechanisms, the majority of executives will act in their own self-interest rather than acting as positive stewards of firm resources

Acquisitions to increase market power require that the firm have a(n) __________ diversification strategy.

Many compositional features of the Earth, including its abundant surface water, are unique in the solar system.

Different incentives to diversify sometimes exist, and the quality of a firm’s resources may permit only diversification that is value neutral rather than value creating

Magma that erupts at the Earth’s surface is

Corporate-level strategies are strategies a firm uses to diversify its operations from a single business competing in a single market into several product markets and, most commonly, into several businesses

Foliation occurs in ____________ rocks.

Flexible manufacturing systems, information networks, and total quality management are three techniques that make it possible for firms to implement the focused differentiation strategy

Compared to diversification that is grounded in intangible resources, diversification based on financial resources only is more visible to competitors and thus more imitable and less likely to create value on a long-term basis