Business Strategy Exam 1 Study Guide – Key Concepts, Frameworks,
Business
and
Strategy
Review.pdf
Exam 1 Study Guide – Key Concepts, Frameworks,
Business
and
Strategy
Review.pdf
Exam 1 Study Guide – Key Concepts, Frameworks, and Review.pdf
Business Strategy Exam 1
Study Guide – Key
Concepts, Frameworks,
and Review
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_
Business Strategy Exam 1 Study Guide – Key Concepts, Frameworks,
Business
and
Strategy
Review.pdf
Exam 1 Study Guide – Key Concepts, Frameworks,
Business
and
Strategy
Review.pdf
Exam 1 Study Guide – Key Concepts, Frameworks, and Review.pdf
,BS Strategy Exam 1.pdf BS Strategy Exam 1.pdf BS Strategy Exam 1.pdf
Terms in this set (74)
Strategic Management examines how actions and events involving top executives, companies,
and industries influence a company's success or failure
- answers the question "Why do some companies outperform others?"
- formal tools exist to understand these relationships
- Mastering strategy is part art and part science
Strategic Plan a carefully crafted set of steps that a company intends to follow in order
to be successful
Business Model describes the process through which a company hopes to earn profits
economies of scale a cost advantage that is created when a company can produce a good or
service at a lower per unit due to producing the good or service in large
quantities
Strategic Ploy a specific move designed to outwit or trick competitors
BS Strategy Exam 1.pdf BS Strategy Exam 1.pdf BS Strategy Exam 1.pdf
,BS Strategy Exam 1.pdf BS Strategy Exam 1.pdf BS Strategy Exam 1.pdf
Strategy as a pattern focuses on the extent to which a company's actions over time are
consistent
Strategy as a position refers to a company's place in the industry relative to its competitors
Strategy as a Perspective refers to how executives interpret the competitive landscape around
them
The five P's of Strategy - strategic plan
- strategic ploy
- strategic pattern
- strategic position
- strategic perspective
intended strategy the strategy that an organization hopes to execute
- described in detail within an organization's strategic plan
- when a strategic plan is created for a new venture, it is called a business
plan
BS Strategy Exam 1.pdf BS Strategy Exam 1.pdf BS Strategy Exam 1.pdf
, BS Strategy Exam 1.pdf BS Strategy Exam 1.pdf BS Strategy Exam 1.pdf
Emergent Strategy an unplanned strategy that arises in response to unexpected
opportunities and challenges
- these strategies can sometimes result in disasters, but they can also lead
to tremendous success
Realized Strategy the strategy that an organization actually follows
- a product of a company's intended strategy, the company's deliberate
strategy and its emergent strategy
Nonrealized Strategy refers to the parts of the intended strategy that are abandoned
BS Strategy Exam 1.pdf BS Strategy Exam 1.pdf BS Strategy Exam 1.pdf
Business
and
Strategy
Review.pdf
Exam 1 Study Guide – Key Concepts, Frameworks,
Business
and
Strategy
Review.pdf
Exam 1 Study Guide – Key Concepts, Frameworks, and Review.pdf
Business Strategy Exam 1
Study Guide – Key
Concepts, Frameworks,
and Review
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_
Business Strategy Exam 1 Study Guide – Key Concepts, Frameworks,
Business
and
Strategy
Review.pdf
Exam 1 Study Guide – Key Concepts, Frameworks,
Business
and
Strategy
Review.pdf
Exam 1 Study Guide – Key Concepts, Frameworks, and Review.pdf
,BS Strategy Exam 1.pdf BS Strategy Exam 1.pdf BS Strategy Exam 1.pdf
Terms in this set (74)
Strategic Management examines how actions and events involving top executives, companies,
and industries influence a company's success or failure
- answers the question "Why do some companies outperform others?"
- formal tools exist to understand these relationships
- Mastering strategy is part art and part science
Strategic Plan a carefully crafted set of steps that a company intends to follow in order
to be successful
Business Model describes the process through which a company hopes to earn profits
economies of scale a cost advantage that is created when a company can produce a good or
service at a lower per unit due to producing the good or service in large
quantities
Strategic Ploy a specific move designed to outwit or trick competitors
BS Strategy Exam 1.pdf BS Strategy Exam 1.pdf BS Strategy Exam 1.pdf
,BS Strategy Exam 1.pdf BS Strategy Exam 1.pdf BS Strategy Exam 1.pdf
Strategy as a pattern focuses on the extent to which a company's actions over time are
consistent
Strategy as a position refers to a company's place in the industry relative to its competitors
Strategy as a Perspective refers to how executives interpret the competitive landscape around
them
The five P's of Strategy - strategic plan
- strategic ploy
- strategic pattern
- strategic position
- strategic perspective
intended strategy the strategy that an organization hopes to execute
- described in detail within an organization's strategic plan
- when a strategic plan is created for a new venture, it is called a business
plan
BS Strategy Exam 1.pdf BS Strategy Exam 1.pdf BS Strategy Exam 1.pdf
, BS Strategy Exam 1.pdf BS Strategy Exam 1.pdf BS Strategy Exam 1.pdf
Emergent Strategy an unplanned strategy that arises in response to unexpected
opportunities and challenges
- these strategies can sometimes result in disasters, but they can also lead
to tremendous success
Realized Strategy the strategy that an organization actually follows
- a product of a company's intended strategy, the company's deliberate
strategy and its emergent strategy
Nonrealized Strategy refers to the parts of the intended strategy that are abandoned
BS Strategy Exam 1.pdf BS Strategy Exam 1.pdf BS Strategy Exam 1.pdf
