Shared Flashcard Set

Details

Strat. Man. CH1
8/24
6
Management
Graduate
09/02/2009

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Cards

Term

Elements in Successful Strategy

Definition

1. Long-term, simple and agreed objectives

2. Profound understanding of the competitive environment

3. Objective appraisal of resources

Term
Strategy
Definition
the overall plan for deploying resources to establish a favorable position
Term
Tactic
Definition
scheme for a specific maneuver
Term
Characteristics of strategic decisions
Definition

1. Important

2. involve a significant commitment of resources

3. not easily reversible

Term
stopped on slide 6
Definition
Term
takeaways from Laura Ashley case
Definition

1. Look at multiple dimensions

2. Look at multiple years

3. Look at quality of info

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