Victories in product market competitions are not automatically translated into stock market value. And conventional accounting methods alone don't necessarily reveal true value. If managers want to link product market success with stock prices, they must also look at economic factors such as...

The major objective of any business organization should be to create value for its stockholders or owners. If the stock of a publicly held corporation does not provide its shareholders with a return that increases their wealth, that corporation is not meeting its most fundamental obligation.

Most top executives of major public corporations insist that they manage their firms in the best interests of their share‐holders. In fact, during the carefree Fifties and the go‐go Sixties most of them did indeed concentrate on earnings growth, and the stock market rewarded them...

Strategic management gives an organization the power to “create its own future.” This was the gist of H. Igor Ansoff's message to management more than two decades ago. Yet, in spite of the obvious appeal of this idea, few, if any modern companies have been able to realize the full benefits...

Although the personal computer (PC) invasion of the corporate world may be old news by now, most organizations are just beginning to appreciate some of the benefits—and hazards—of this new technology. The new developments in personal computing — not just PCs, but other sophisticated...

The Strategic Management Society attracted 450 participants to its annual conference in October in exotic, bustling Singapore to explore the theme, “Cultures and Competitive Strategies.”

You'd like to give value‐based planning a try but have been dragging your feet because you're put off by its intricacy? Or, you worry about how you can get your managers to become proficient enough in the method to be comfortable with it? If so, you certainly aren't alone. The sheer complexity...

There were a lot of eager customers at the Conference Board's annual strategic planning conference in March. Many of us had just read Walter Kiechel's Fortune article about “Smart Corporate Strategy for the 1990s” (February 29, 1988), which presents a remarkable reversal of the publication's...

Whether they're growing, downsizing, restructuring, or just trying to survive, today's organizations are struggling to sail through the “storms of change.” What's more, the management waters don't promise to be any smoother in the 1990s. So the stormy seas theme of this year's Planning Forum...

The Academy of Management held its 1988 annual convention at the Disneyland Hotel in Anaheim, California, August 5–11. The setting was highly appropriate, since some of the topics presented and discussed clearly bordered on fantasy.