MGT8803 - Strategy
Study online at https://quizlet.com/_g8sl64
1. Growth, Stability, Renewal Three "grand" strategies
2. planning, organizing, leading, controlling 4 functions of manage-
ment
3. end result of decisions and tradeoffs made by manage- Business Model
ment in formulating strategy.
Also, how the firm plans on creates and capturing val-
ue
4. transforming process using the internet or e-com- virtual integration
merce capabilities
(avoids costly capital investment vis-a-vis vert. integra-
tion but harder to capture all profits)
5. diversification, vertical integration, geographic scope 3 determinants of firm
scope
6. 1. Products Diversification; using existing channels to 3 diversification strategies
sell new products
2. Geographic Diversification: selling existing products
in new channels/geographies
3. Both product + geography: Very risky! (aka suicde
sale)
7. >95% of revenues come from primary activity Diversification: Single
Business
8. 70-95% of revenues come from primary activity Diversification: Dominant
Business
9. <70% of revenues come from primary activity Diversification: Related or
Unrelated
1/6
, MGT8803 - Strategy
Study online at https://quizlet.com/_g8sl64
10. Coordination costs Types of Diversification
Influence costs Costs
11. administrative costs brought on by operating different Coordination Costs
businesses
12. Corporate executives may be misled by knowledge- Influence costs
able but biased business unit managers
13. organizational and managerial skills necessary to or- Capabilities
chestrate a diverse set of resources and deploy them
strategically
14. Political PESTEL
Economic
Sociocultural
Technological
Ecological
Legal
15. Valuable VRIO
Rare
Costly to Imitate
Organized to Capture Value
16. resource heterogeneity and resource immobility Two assumptions in re-
source-based model
17. Historical condition Why resources can be
causal ambiguity costly to imitate
Social complexity
18. 3 types of plans
2/6
Study online at https://quizlet.com/_g8sl64
1. Growth, Stability, Renewal Three "grand" strategies
2. planning, organizing, leading, controlling 4 functions of manage-
ment
3. end result of decisions and tradeoffs made by manage- Business Model
ment in formulating strategy.
Also, how the firm plans on creates and capturing val-
ue
4. transforming process using the internet or e-com- virtual integration
merce capabilities
(avoids costly capital investment vis-a-vis vert. integra-
tion but harder to capture all profits)
5. diversification, vertical integration, geographic scope 3 determinants of firm
scope
6. 1. Products Diversification; using existing channels to 3 diversification strategies
sell new products
2. Geographic Diversification: selling existing products
in new channels/geographies
3. Both product + geography: Very risky! (aka suicde
sale)
7. >95% of revenues come from primary activity Diversification: Single
Business
8. 70-95% of revenues come from primary activity Diversification: Dominant
Business
9. <70% of revenues come from primary activity Diversification: Related or
Unrelated
1/6
, MGT8803 - Strategy
Study online at https://quizlet.com/_g8sl64
10. Coordination costs Types of Diversification
Influence costs Costs
11. administrative costs brought on by operating different Coordination Costs
businesses
12. Corporate executives may be misled by knowledge- Influence costs
able but biased business unit managers
13. organizational and managerial skills necessary to or- Capabilities
chestrate a diverse set of resources and deploy them
strategically
14. Political PESTEL
Economic
Sociocultural
Technological
Ecological
Legal
15. Valuable VRIO
Rare
Costly to Imitate
Organized to Capture Value
16. resource heterogeneity and resource immobility Two assumptions in re-
source-based model
17. Historical condition Why resources can be
causal ambiguity costly to imitate
Social complexity
18. 3 types of plans
2/6
