The worldwide product divisional structure has centralized decision-making authority in the worldwide division headquarters to coordinate and integrate decisions and actions among business units

A key risk of acquisitions is that a firm may substitute an ability to buy innovations for an ability to produce innovations internally

Cross-functional work teams are best supported by vertical organizational structures

A hostile takeover defense wherein the target firm makes its stock less attractive to a potential acquirer is called:

Ownership concentration is defined by the number of large-block shareholders and the total percentage of the firm’s shares they own

Competitive aggressiveness, proactiveness, risk aversion, innovativeness, and autonomy are the five dimensions characterizing the entrepreneurial mind-set

Ethically responsible companies design and use governance mechanisms that will at least minimally satisfy stakeholders’ interests

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