Term
| Are Strategy Formulation and Implementation Independent or Interdependent? |
|
Definition
|
|
Term
| Important Questions For Corporate Strategy |
|
Definition
In what businesses should we compete?
How can the parent company add value to the subsidiaries?
How can diversifying our business or entering a new industry help us compete in other industries? |
|
|
Term
|
Definition
| Using corporate strategy to guide selection of markets, including different countries, that a firm competes in. |
|
|
Term
| What should provide information to update strategy? |
|
Definition
|
|
Term
Is the following definition a "Mission Statement" or "Vision Statement" :
An organization’s statement of purpose that describes who the company is and what it does |
|
Definition
|
|
Term
Is the following definition a "Mission Statement" or "Vision Statement" :
A future-oriented declaration of an organization’s purpose and aspirations |
|
Definition
|
|
Term
Is the following definition "Outsourcing" or "Offshoring":
Having a third party do some of a company's work on its behalf. |
|
Definition
|
|
Term
Is the following definition "Outsourcing" or "Offshoring":
Taking a business function and having it performed in another country at a lower cost. |
|
Definition
|
|
Term
Is the following definition "Strategy Formulation" or "Strategy Implementation" :
Process completed by a leader to decide what to do. |
|
Definition
|
|
Term
Is the following definition "Strategy Formulation" or "Strategy Implementation" :
Process of performing all activities to do what has been planned. |
|
Definition
|
|
Term
Is the following purpose for "SWOT" or "POLC":
Leveraging company’s internal strengths
Working around weaknesses
Assess external environmental conditions—opportunities and threats—that favor or threaten the organization’s strategy. |
|
Definition
|
|
Term
Is the following purpose for "SWOT" or "POLC":
Framework used to understand and communicate the relationship between strategy formulation and strategy implementation |
|
Definition
|
|
Term
|
Definition
| Organization's strengths cannot be easily duplicated, made less valuable or redundant by the external environment. |
|
|
Term
|
Definition
| Sequence of activities a firm undertakes to create value. |
|
|
Term
| Four Basic Questions Of A SWOT Analysis |
|
Definition
What can we do?
What do we want to do?
What might we do?
What do others expect us to do? |
|
|
Term
| LAW OF CONSERVATION OF ATTRACTIVE PROFITS |
|
Definition
1.Infinitely scalable network
2.Commoditized a previous constraint
3.Positioned to be the chief beneficiary of industry transformation |
|
|
Term
|
Definition
| Strategies for products optimized to work locally. |
|
|
Term
|
Definition
| Strategies for products that work anywhere without change |
|
|
Term
|
Definition
| Strategies for products that vary slightly per market to work in different markets |
|
|
Term
Is the following definition "Strategic Planning" or "Tactical Planning" :
Planning For What You Want To Do |
|
Definition
|
|
Term
Is the following definition "Strategic Planning" or "Tactical Planning" :
Planning For How You Are Going To Do What You Want To Do |
|
Definition
|
|
Term
Is the following definition "Operational Planning" or "Tactical Planning" :
Short Range Planning That Specifies Concrete Planning |
|
Definition
|
|
