Thunderbird on Global Business Strategy

"Because alliance partners rarely have the same strategic objectives, their views of value creation will likely be asymmetric. However, this need not be a significant issue as long as the partners both understand their partner's objectives."

"In any alliance, the strength of interfirm relationships is largely a function of the relationships between individual managers who are involved in the day-to-day management of the alliance."

"'Global' strategy attempts to simultaneously reap the benefits of both integration and responsiveness, without giving up either. It could simply be stated as 'Think Global, Act Local.'"

"Only one out of seven product concepts that enter the idea generation phase succeed in the marketplace."

"Sorting out roles of operations depends on product development strategies of an organization."

"Effectiveness measures how well the output of global supply chain operations meets customers product and service needs and requirements in terms of delivery, responsiveness, flexibility, and an ability to offer a variety of products and services."

"A key role of the finance manager is to identify and exploit arbitrage opportunities created by exchange rate changes and by international institutional and political differences."

"The wide variety of financial instruments available on the various financial markets are funding instruments (sources of funds), investing instruments (uses of funds), and hedging instruments (risk management)."

"Alternatives to global diversification are suitable for investors with different levels of knowledge and ability with regard to international diversification, their investment horizons, as well as their attitudes toward risks in such investments."