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As a global manager, you must understand that every decision has both a flat and a lumpy component, and the economic growth of a country — whether fast or slow — will also affect your company’s strategy.

High-performing companies must achieve a balance between the daily execution of prescribed processes and the flexibility to pivot in response to market changes if they are to remain competitive.

There is not a sector of the economy that does not rely on alliances to gain a competitive advantage. Alliances require soft skills that many managers with command-and-control backgrounds need to acquire in order to create successful partnerships.

Learn three tips to keep more money in your pocket when investing. Professor Mary Margaret Frank explains tax planning for better returns in this edition of BizBasics.

How do you learn to conduct international business effectively? Professor James Clawson shares the 11 key characteristics of a global business leader.

In this finance lesson, you will learn whether it is wiser for you to invest in stocks or bonds based on several key personal wealth management insights.

Robert Spekman is the Tayloe Murphy Professor Emeritus at the University of Virginia Darden School of Business. He is a recognized authority on business-to-business marketing strategy, channels of distribution design and the implementation of go-to-market strategies.

Freeman is best known for his work on stakeholder theory and business ethics, in which he suggests that businesses build their strategy around their relationships with key stakeholders. His expertise also extends to areas such as leadership, corporate responsibility and business strategy.

Parmar is an authority on how to make good decisions — one of the toughest challenges in leading a business. He focuses on how managers make decisions and collaborate in uncertain and changing environments to create value for stakeholders. Parmar’s work helps executives better handle ambiguity in their decision-making.

Grushka-Cockayne’s research and teaching activities focus on decision analysis, forecasting, project management and behavioral decision-making.