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40 Cards in this Set
- Front
- Back
Above-average returns |
Exceed what could be earned from alternative investments or equivalent risk |
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B2B business strategy |
Uses IT and web portals to link organizations vertically in Supply chains |
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B2C business strategy |
Uses IT to link business with consumers |
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BCG Matrix |
Thai strategy formulation to an analysis of business opportunities according to market growth rate and market share |
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Business strategy |
Indentures the intentions of of division or strategic business unit to compete in its special product and or service domain |
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Competitive advantage |
Comes from operating in successful ways that are difficult to imitate |
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Concentration |
Growth within the same business area |
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Core competency |
Is a special strengths that gives an organization a competitive advantage |
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Corporate governance |
Is the system of control and performance monitoring of top management |
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Corporate strategy |
Such long-term direction for the total Enterprise |
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Cost leadership strategy |
is a corporate competitive strategy that seeks to achieve lower cost than competitors by improving efficiency of production, distribution, and other organizational systems |
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Differentiation strategy |
is a corporate strategy that seeks competitive advantage through uniqueness, I developing goods and or services that are clearly different from those offered by the competition |
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Differentiation |
Is the degree of differences that exist among people, departments, or other internal components of an organization |
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Divestiture |
Sales of parts of the organization to focus attention and resources on core business areas |
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Downsizing |
Decreases the size of operations with the intent to become more streamlined |
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E-Business strategy |
Strategically uses the internet to gain competitive advantage |
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Emergent strategy |
Develops over time as managers learn from and respond to experience |
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Focused cost leadership strategy |
Seeks the lowest cost of operations within a special market segment |
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Focused differentiation strategy |
Offers a unique product to a special market segment |
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Functional strategy |
Guides activities within one specific area of operations |
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Globalization strategy |
Adopt standardized products and advertising for use worldwide |
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Growth strategy |
Involves expansion of the organization's current operations |
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Mission |
Is the organization's reason for existence in society |
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Multidomestic strategy |
Customized products and advertising to best fit local needs |
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Operating objectives |
Are specific results that organizations try to accomplish |
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Organizational culture |
Is the system of shared beliefs and values that guides behavior in organizations |
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Portfolio planning |
An approach that seeks the best mix of investments among alternative business opportunities |
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Restructuring |
Changes that scale and or mix of operations to get efficiency and improve performance |
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Retrenchment strategy |
Involves slowing down, cutting back, and seeking performance improvement through greater efficiencies in operations |
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Stakeholders |
Are individuals and groups directly affected by an organization and its accomplishments |
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Strategic Alliance |
Organizations joined together in partnership to pursue an area of mutual interest |
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Strategic intent |
Focuses and applies organizational energies on a unifying and compelling goal |
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Strategic leadership |
Enthuses people to continuously change, we're fine, and improve strategies and their implementation |
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Strategy |
Is a comprehensive plan guiding resource allocation to achieve long-term organizational goals |
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Strategy formula |
Is the process of creating strategies |
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Strategy implementation |
Is the process of putting strategies into action |
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Strategic management |
Is the process of formulating and implementing strategies |
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SWOT analysis |
Examines organizational strengths and weaknesses and environmental opportunities and threats |
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Transnational strategy |
Seeks efficiencies of global operations with attention to local markets |
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Vertical integration |
Growth by acquiring suppliers or distributors |