The strategic and financial lessons emphasized are crucial for students to understand, especially in the new globalization era. Strategic management will become increasingly important in the education of business executives in the 21st century because of its dynamic competitive landscape due to increasing globalization and rapid technological changes.
Additionally, the understanding and application of key financial principles would also appear timely and relevant during this period of global economic recovery. For many years, students have been encouraged to read John T. Molly’s book Dress for Success prior to graduation to teach them the appropriate attire for successful careers. Today, students should also be encouraged to dress up like a firm to prepare them for successful small business management or personal strategic management; that is, students should be encouraged to dress up like a firm to learn the key strategic and financial principles needed to successfully manage their personal lives