Companies and business units using the differentiation strategy should emphasize financial rather than strategic controls

While smaller firms must use cooperative strategies as a means of producing innovations, larger firms with large R&D units such as P&G and 3M can produce most if not all innovations internally

As globalization grows, adequate corporate governance is becoming an important requirement for doing business with foreign firms and in foreign countries

Research has shown that internationally diversified firms are generally more innovative

Highly formalized rules and procedures which often emanate from the centralized staff are a characteristic of the structure used to implement the cost leadership strategy

More intense application of governance mechanisms such as mandated by Sarbanes-Oxley and Dodd-Frank may cause firms to take on fewer risky projects and thus increase potential shareholder wealth

As the dynamics of competition accelerate, people become a highly significant source of competitive advantage

CEO duality refers to:

Acquisitions are a low-risk approach to producing and managing innovation

Acquisitions are a means of extending the company’s product line and increasing revenues. The capital market values growth. Therefore, some firms make acquisitions to improve their standing in the capital markets