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The leading attempt at a complete normative theory of planning and resource allocation is provided by the concept of "strategy."

— Joseph L. Bower

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More quotes by Joseph L. Bower

To make further progress it is necessary to go beyond the financial model.

Our findings support many of the conclusions of the resource dependence theorists, who contend that a firm's scope for strategic change is strongly bounded by the interests of external entities (customers, in this study) who provide the resources the firm needs to survive.

Each time a disruptive technology emerged, between one-half and two-thirds of the established manufacturers failed to introduce models employing the new architecture-in stark contrast to their timely launches of critical sustaining technologies.

While evidence reveals the relative unimportance of a particular technique of financial analysis and limited usefulness of the [theoretical] financial model, it also indicates that management can control the investment process.

The definitive examination of strategic investment from the viewpoint of the people who run the company--the CEO and principal officers. Includes four case histories that follow specific investment projects from their inception to their approval by top management.

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Quote text and notes from Wikiquote: Joseph L. Bower (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.