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“Notable Quotes”

"The greatest strategy is doomed if it’s implemented "Most of the time, strategists should not be formulating
badly." strategy at all; they should be getting on with implement-
—Bernard Reimann ing strategies they already have."
—Henry Mintzberg
"There is no ‘perfect’ strategic decision. One always has
to pay a price. One always has to balance conflicting "It is human nature to make decisions based on emotion,
objectives, conflicting opinions, and conflicting priorities. rather than on fact. But nothing could be more illogical."
The best strategic decision is only an approximation— —Toshiba Corporation
and a risk."
"No business can do everything. Even if it has the money,
—Peter Drucker
it will never have enough good people. It has to set
"The real question isn’t how well you’re doing today priorities. The worst thing to do is a little bit of every-
against your own history, but how you’re doing against thing. This makes sure that nothing is being accom-
your competitors." plished. It is better to pick the wrong priority than
—Donald Kress none at all."
—Peter Drucker
"As market windows open and close more quickly, it is
important that R&D be tied more closely to corporate
strategy."
—William Spenser

Assurance of Assurance of
Learning Exercise 8E Learning Exercise 8F
Developing a Product- Do Banks Require Projected
Positioning Map for My Financial Statements?
University