Term
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Definition
| outlines where company should be at any given year |
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Term
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Definition
| Strategy formulation, strategy implementation, strategy evaluation |
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Term
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Definition
| beginning, major products/services/markets, CEO, provate or public, 52 week high low, financial snapshop |
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Term
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Definition
| future oriented and answers the question "what do we want to become" |
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Term
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Definition
| descriptive, answers question "What is our business" |
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Term
| Factors of mission statement |
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Definition
| customers, markets, products/services, technology, philosophy, concern with survival, concern for employees, concern for public, self-concept |
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Term
| I/O (industrial organization) |
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Definition
| view of strategy states that external factors are more important than internal factors for achieving and sustaining a competitive advantage |
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Term
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Definition
| Economic factors, social, cultural, demographics, natural factors, technological factors, political, legal, governmental forces, porters 5 |
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Term
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Definition
| anything in the external environment that could be good for us |
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Term
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Definition
| anything currently going on in the external environment that could be harmful to us |
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Term
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Definition
| Buying power of consumer, Buying power of suppliers, threat of new entrants, substitutability, degree of rivalry |
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Term
| Competitive profile matrix |
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Definition
| general external and internal factors (critical success factors), competitive advantages and disadvantages |
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Term
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Definition
| actions the company can take/goals that will require longer than a year to acomplish |
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Term
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Definition
| Intensive, integration, diversification, defensive, porter's generic |
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Term
| Intensive corporate strategies |
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Definition
| Market penetration, Market development, Product development |
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Term
| Integration corporate strategies |
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Definition
| horizontal, forward, backwards |
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Term
| Diversification corporate strategies |
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Definition
| new products for new market |
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Term
| Unrelated diversification |
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Definition
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Term
| Defensive corporate strategies |
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Definition
| retrenchment, divestiture, liquidation |
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Term
| Porter's Generic Strategies |
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Definition
| Diversification, Niche, Cost-leadership |
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Term
| BCG- Boston Consulting Group Matrix |
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Definition
| products on basis of their market shares and growth rate, scatter graph to rank |
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Term
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Definition
| high market share, slow growing industry |
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Term
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Definition
| Low marketshare in mature, slow growing industry |
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Term
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Definition
| Growing rapidly (consuming large amounts of money) low marketshare (not generating much money |
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Term
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Definition
| High market share in fast growing indusstry |
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Term
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Definition
strategic position and action evaluation matrix, what strategy should company pursue
conservative I Agressive
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Defensive I Competitive |
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Term
| I/E Matrix (Internal/External) |
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Definition
Efe on y axis, Ife on x axis
I Grow and Build
I Hold and Maintain
I Harvest or Divest
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Term
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Definition
| "action" stage, or "doing" stage, decisions pushed downward, involves many |
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Term
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Definition
| part of recommendations, done within next months or year, measurable and specific |
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Term
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Definition
| Human, physical, technological. financial |
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Term
| Resources are allocated based on |
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Definition
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Term
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Definition
most widely used, simplest, least expensive.
groups tasks and activities by business function. |
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Term
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Definition
| second most common. organized by geographic area, product/service, customer, or by process. Functional activities performed both centrally and in each division |
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Term
| SBU (Strategic Business Unit) |
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Definition
| Groups into strategic business units and delegates authority and responsibility for each unit to a senior executive who reports directly to the CEO |
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Term
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Definition
| most complex, depends on vertical and horizontal flows of authority and communication |
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Term
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Definition
| Avoid, defusion, confrontation |
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Term
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Definition
| Force, educate, self-interest |
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Term
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Definition
| Change the process, connecting the depearments |
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Term
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Definition
| Changing the size , and people's positions |
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Term
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Definition
| connection based on reciprocity |
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Term
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Definition
| 3 stages, Analysis, Formulation, Implementation. Goal is to achieve and sustain competitive advantage |
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