Market Share
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the business unit's share of the market in relation to competitors
Disadvantages to Group Decision Making
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a few people dominate or intimidate, groupthink, satisficing, goal
displacement
1 - Cost-Leadership Strategy
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keep the costs, and hence prices, of a product or service below those of
competitors and to target a wide market
2 - Differentiation Strategy
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offer products that are of unique and superior value compared to those of
competitors but to target a wide market
Forecasting
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a vision or projection from the future
What are the three levels of Strategy?
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corporate, business, functional
Divisional Structures
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grouping by similarity or purpose
Three Levels of Organizational Culture
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assumptions, values, artifacts
Hubris
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an extreme and inflated sense of pride, certainty, and confidence
Organizational Weaknesses
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the drawbacks that hinder an organization in executing strategies in pursuit
of its vision
Holistic Hunch
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, intuition that stems from expertise - a person's explicit and tacit knowledge
about a person, situation, object, or decision opportunity
Major Features of Organizations
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common purpose, coordinated effort, division of labor, hierarchy of
authority
Hierarchy Culture
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a structured culture valuing stability and effectiveness
Ethics Officer
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someone trained in matters of ethics in the workplace, particularly about
resolving ethical dilemmas
Bounded Rationality
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the business unit's share of the market in relation to competitors
Disadvantages to Group Decision Making
Give this one a try later!
a few people dominate or intimidate, groupthink, satisficing, goal
displacement
1 - Cost-Leadership Strategy
,Give this one a try later!
keep the costs, and hence prices, of a product or service below those of
competitors and to target a wide market
2 - Differentiation Strategy
Give this one a try later!
offer products that are of unique and superior value compared to those of
competitors but to target a wide market
Forecasting
Give this one a try later!
a vision or projection from the future
What are the three levels of Strategy?
Give this one a try later!
corporate, business, functional
Divisional Structures
,Give this one a try later!
grouping by similarity or purpose
Three Levels of Organizational Culture
Give this one a try later!
assumptions, values, artifacts
Hubris
Give this one a try later!
an extreme and inflated sense of pride, certainty, and confidence
Organizational Weaknesses
Give this one a try later!
the drawbacks that hinder an organization in executing strategies in pursuit
of its vision
Holistic Hunch
Give this one a try later!
, intuition that stems from expertise - a person's explicit and tacit knowledge
about a person, situation, object, or decision opportunity
Major Features of Organizations
Give this one a try later!
common purpose, coordinated effort, division of labor, hierarchy of
authority
Hierarchy Culture
Give this one a try later!
a structured culture valuing stability and effectiveness
Ethics Officer
Give this one a try later!
someone trained in matters of ethics in the workplace, particularly about
resolving ethical dilemmas
Bounded Rationality
Give this one a try later!
