WGU C432 Healthcare Management and Strategy | 148 Questions With 100% Correct Solutions.

Acquisition - The purchase (or merger) of an existing organization broad differentiation strategy - type of strategy aimed at offering products that consumers perceive to be distinct from competitor's products and that appeal to a wide segment of a market Broad low-cost strategy - type of strategy aimed at providing low-cost products to a broad customer segment Business model - the underlying structure of an organization; the means through which an organization creates and delivers value to its customers and earns revenues Business-level strategy - the strategic scope and direction of strategic business units (SBUs) Strategic business units (SBU) - focus on specific product/service lines while under the umbrella of corporate direction Corporate-level strategy -the overall strategic scope and direction of a corporation. primary function is to allocate capital funds to SBUs and decide which business to enter or exit Customer Value - the perceived benefits of a product or service Diversification - Strategic expansion into different businesses Emergent Strategy - a pattern of actions that develop over time and become an organizations strategy de facto. identified by examining decisions that were made and the patterns that occurred as a result. also called realized strategyFirst movers - organizations that are the earliest to enter a market or an industry Focused differentiation strategy - strategy aimed at offering products that consumers perceive to be distinct from competitor's products and that appeal to a limited industry niche or customer segment Focused factories - manufacturing strategy that concentrates on core (often single) products and a defined set of technologies and customers Focused low-cost strategy - strategy aimed at providing low-cost products to a limited subset of the broad mass market Four-firm concentration ratio - measure of market concentration calculated by summing the market shares of the four largest firms in a market Functional-level strategy - strategic scope and direction at the operating division, department, or project level. driven by product or service line Generic strategies - commonly used strategies that combine a target market and a type of differentiation