Boh4M Chapter 9 Key Terms

Front 1

Above-average returns

Back 1

Exceed what could be earned from alternative investments or equivalent risk

Front 2

B2B business strategy

Back 2

Uses IT and web portals to link organizations vertically in Supply chains

Front 3

B2C business strategy

Back 3

Uses IT to link business with consumers

Front 4

BCG Matrix

Back 4

Thai strategy formulation to an analysis of business opportunities according to market growth rate and market share

Front 5

Business strategy

Back 5

Indentures the intentions of of division or strategic business unit to compete in its special product and or service domain

Front 6

Competitive advantage

Back 6

Comes from operating in successful ways that are difficult to imitate

Front 7

Concentration

Back 7

Growth within the same business area

Front 8

Core competency

Back 8

Is a special strengths that gives an organization a competitive advantage

Front 9

Corporate governance

Back 9

Is the system of control and performance monitoring of top management

Front 10

Corporate strategy

Back 10

Such long-term direction for the total Enterprise

Front 11

Cost leadership strategy

Back 11

is a corporate competitive strategy that seeks to achieve lower cost than competitors by improving efficiency of production, distribution, and other organizational systems

Front 12

Differentiation strategy

Back 12

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

Front 13

Differentiation

Back 13

Is the degree of differences that exist among people, departments, or other internal components of an organization

Front 14

Divestiture

Back 14

Sales of parts of the organization to focus attention and resources on core business areas

Front 15

Downsizing

Back 15

Decreases the size of operations with the intent to become more streamlined

Front 16

E-Business strategy

Back 16

Strategically uses the internet to gain competitive advantage

Front 17

Emergent strategy

Back 17

Develops over time as managers learn from and respond to experience

Front 18

Focused cost leadership strategy

Back 18

Seeks the lowest cost of operations within a special market segment

Front 19

Focused differentiation strategy

Back 19

Offers a unique product to a special market segment

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Functional strategy

Back 20

Guides activities within one specific area of operations

Front 21

Globalization strategy

Back 21

Adopt standardized products and advertising for use worldwide

Front 22

Growth strategy

Back 22

Involves expansion of the organization's current operations

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Mission

Back 23

Is the organization's reason for existence in society

Front 24

Multidomestic strategy

Back 24

Customized products and advertising to best fit local needs

Front 25

Operating objectives

Back 25

Are specific results that organizations try to accomplish

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Organizational culture

Back 26

Is the system of shared beliefs and values that guides behavior in organizations

Front 27

Portfolio planning

Back 27

An approach that seeks the best mix of investments among alternative business opportunities

Front 28

Restructuring

Back 28

Changes that scale and or mix of operations to get efficiency and improve performance

Front 29

Retrenchment strategy

Back 29

Involves slowing down, cutting back, and seeking performance improvement through greater efficiencies in operations

Front 30

Stakeholders

Back 30

Are individuals and groups directly affected by an organization and its accomplishments

Front 31

Strategic Alliance

Back 31

Organizations joined together in partnership to pursue an area of mutual interest

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Strategic intent

Back 32

Focuses and applies organizational energies on a unifying and compelling goal

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Strategic leadership

Back 33

Enthuses people to continuously change, we're fine, and improve strategies and their implementation

Front 34

Strategy

Back 34

Is a comprehensive plan guiding resource allocation to achieve long-term organizational goals

Front 35

Strategy formula

Back 35

Is the process of creating strategies

Front 36

Strategy implementation

Back 36

Is the process of putting strategies into action

Front 37

Strategic management

Back 37

Is the process of formulating and implementing strategies

Front 38

SWOT analysis

Back 38

Examines organizational strengths and weaknesses and environmental opportunities and threats

Front 39

Transnational strategy

Back 39

Seeks efficiencies of global operations with attention to local markets

Front 40

Vertical integration

Back 40

Growth by acquiring suppliers or distributors