Strategic Management
Balanced scorecard - ANS-this technique harnesses more than one internal and external overall
performance metrics as a way to stability both financial and strategic goals
enterprise-degree strategy - ANS-who - which purchaser segments will we serve
what - patron desires needs, and dreams do we satisfy
why - can we need to satify them
how - can we fulfill our consumer's desires
casual ambiguity - ANS-a state of affairs in which the purpose and effect of a phenomenon
aren't with no trouble obvious
aggressive benefit is the distinction between - ANS-perceived cost captured by way of how tons
customers are inclined to pay for a services or products, and the full price the firm incurs to
create that value
consolidated enterprise structures - ANS-dominated by means of a few companies that are
tremendously profitable
center abilities - ANS-particular strengths, embedded deep within a firm, that allow a company
differentiate its services and products from those of its rivals, creating higher value for the
purchaser or providing products and services of similar price at lower price
fee drivers - ANS-value of enter elements
economies of scale
studying-curve effects
revel in curve results
price chief - ANS-focuses all interest on decreasing cost
cost-management - ANS-create comparable price for clients via delivering products or services
at a lower price than competition, permitting the company to offer decrease fees to its customers
differentiation - ANS-create better price for customers than the competitors create - deliver
services or products while maintaining cost on the identical or similar level
discontinuities - ANS-intervals of time wherein underlying technological requirements exchange
dynamic abilities - ANS-describe a company's capacity to create, deploy, regulate, reconfigure,
improve, or leverage its resources
, ecological factors - ANS-subject broad environmental problems which includes natural
surroundings, worldwide warming, and sustainable economic growth
Economic factors - ANS-- increase prices
- interest prices
- ranges of employment
- price balance
- currency exchange rates
economies of scale - ANS-decreases in fee per unit as output will increase
economies of scope - ANS-the common overall fee of production decreases because the
number of different items will increase
centered method - ANS-narrower scope
Four predominant enterprise sorts - ANS-1) perfect opposition
2) monopolistic competition
three) oligopoly
4) monopoly
fragmented enterprise systems - ANS-small companies seeking to generate low profitability
hyper-opposition - ANS-aggressive intensity has extended and periods of aggressive benefit
have shortened, mainly in newer generation-based industries, marking an aggressive gain a
string of quick lived benefits
implications for the strategist - ANS-- quantitative and qualitative performance dimensions
remember in judging how powerful a firm's method is
- purpose of strategic control is to integrate and align each commercial enterprise characteristic
and interest to acquire superior overall performance on the co. Level
- no satisfactory method exists
Industry - ANS-institution of businesses imparting similar services or products
prison elements - ANS-results of the political methods manifested in laws, mandates,
guidelines, and courtroom choices
Mintzberg's Planning Framework - ANS-Design supposed approach; whilst unpredictable
activities arise unrealized techniques; bottom-up emergent approach; realized strategy
Mission statements - ANS-describes what the employer truely does --the goods and services it
plans to offer and the markets in which it plans to compete
Balanced scorecard - ANS-this technique harnesses more than one internal and external overall
performance metrics as a way to stability both financial and strategic goals
enterprise-degree strategy - ANS-who - which purchaser segments will we serve
what - patron desires needs, and dreams do we satisfy
why - can we need to satify them
how - can we fulfill our consumer's desires
casual ambiguity - ANS-a state of affairs in which the purpose and effect of a phenomenon
aren't with no trouble obvious
aggressive benefit is the distinction between - ANS-perceived cost captured by way of how tons
customers are inclined to pay for a services or products, and the full price the firm incurs to
create that value
consolidated enterprise structures - ANS-dominated by means of a few companies that are
tremendously profitable
center abilities - ANS-particular strengths, embedded deep within a firm, that allow a company
differentiate its services and products from those of its rivals, creating higher value for the
purchaser or providing products and services of similar price at lower price
fee drivers - ANS-value of enter elements
economies of scale
studying-curve effects
revel in curve results
price chief - ANS-focuses all interest on decreasing cost
cost-management - ANS-create comparable price for clients via delivering products or services
at a lower price than competition, permitting the company to offer decrease fees to its customers
differentiation - ANS-create better price for customers than the competitors create - deliver
services or products while maintaining cost on the identical or similar level
discontinuities - ANS-intervals of time wherein underlying technological requirements exchange
dynamic abilities - ANS-describe a company's capacity to create, deploy, regulate, reconfigure,
improve, or leverage its resources
, ecological factors - ANS-subject broad environmental problems which includes natural
surroundings, worldwide warming, and sustainable economic growth
Economic factors - ANS-- increase prices
- interest prices
- ranges of employment
- price balance
- currency exchange rates
economies of scale - ANS-decreases in fee per unit as output will increase
economies of scope - ANS-the common overall fee of production decreases because the
number of different items will increase
centered method - ANS-narrower scope
Four predominant enterprise sorts - ANS-1) perfect opposition
2) monopolistic competition
three) oligopoly
4) monopoly
fragmented enterprise systems - ANS-small companies seeking to generate low profitability
hyper-opposition - ANS-aggressive intensity has extended and periods of aggressive benefit
have shortened, mainly in newer generation-based industries, marking an aggressive gain a
string of quick lived benefits
implications for the strategist - ANS-- quantitative and qualitative performance dimensions
remember in judging how powerful a firm's method is
- purpose of strategic control is to integrate and align each commercial enterprise characteristic
and interest to acquire superior overall performance on the co. Level
- no satisfactory method exists
Industry - ANS-institution of businesses imparting similar services or products
prison elements - ANS-results of the political methods manifested in laws, mandates,
guidelines, and courtroom choices
Mintzberg's Planning Framework - ANS-Design supposed approach; whilst unpredictable
activities arise unrealized techniques; bottom-up emergent approach; realized strategy
Mission statements - ANS-describes what the employer truely does --the goods and services it
plans to offer and the markets in which it plans to compete
