Shared Flashcard Set

Details

Chapter 1 - 7
Notes
9
Business
Undergraduate 4
11/01/2009

Additional Business Flashcards

 


 

Cards

Term
Strategy
Definition
The game plan for marketing operations and profit
Term
Business Model
Definition
Where the revenues come from
Term
Excellent Management =
Definition
Excellent Strategy + Excellent Execution
Term
What are the five steps of strategic management
Definition
THINK VOSEE
1. Strategic Vision
2. Setting Objectives
3 Crafting a Strategy
4. Implement and Execute
5. Evaluate and Correct
Term
Strategic Vision is
Definition
Fusion orientated =- Where are we going?

Also Mission Statement - Present Condition = What we are and how we do it
Term
Setting Objectives - 2 types
Definition
Financial and Strategic
Term
Implement and Execute
Definition
Has do to with the management side
Term
Board of Directors
Definition
Appraises, reviews, critiques, and approves strategy
Term
CEO
Definition
Directs Strategy Ultimate Responsibility
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