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Chapters 6-12
N/A
10
Management
Undergraduate 3
11/16/2011

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Cards

Term
business incubation
Definition
business support process that accelerates the succesful development of start-up fledging companies by providing entrepreneurs with an array of targeted resources and services
Term
ventrue capitalist
Definition
typically provides equity financing for start-up and young, rapidly going enterprises
Term
Business Angel
Definition
private individual who who invests directly in firms and recieves an equity stake in return
Term
skunkworks
Definition
islands of intapreneurship activity within larger organizations
Term
diversification
Definition
variety of goods and/or services produced by an organization and the number of different markets it serves
Term
downscoping
Definition
eliminating divisions and business lines that are unrelated to a firm's core business
Term
The Three Basic Levels of Strategy Planning
Definition
1. corporate level
2. functional level
3. business level
Term
Three Basic Types of Decisions
Definition
1. routine - standard choices
2. adaptive - made in response to unusual problems
3. innovation - based on highly ambiguous problems
Term
Three Models for Decision Making
Definition
1. rational model
2. bounded rationality model
3. political model
Term
Three Forecasting Aids
Definition
1. Delphi Technique - questionaires
2. simulation - representation of real systems done by PC
3. scenarios - "what if" questions
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