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Definition
| the set of businesses, markets, or industries in which the org competes and the dist. of resouces among those businesses |
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Definition
| focusing on a single business competing in a single industry ex. C.F. Martin & Co. |
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| expanding the org domain into supply channels or to distributors to eliminate uncertainties and reduce costs associated with suppliers or dist. |
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| concentric diversification |
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Definition
| moving into new businesses related to the company's core business |
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| conglomerate diversification |
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Definition
| expansion into unrelated businesses to minimize risks due to market fluctuations in one industry |
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Definition
| diversified businesses of an org |
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Term
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Definition
| comparison of strengths, weaknesses, oopportunities, and threats that helps execs formulate strategy |
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Term
| BCG matrix (Boston Consulting Group) |
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Definition
| Question marks, Stars, Cash Cows, Dogs |
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Term
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Definition
| major actions by which an org. competes in a particular industry or market |
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Definition
| build competitive advantage by being efficient and offering a no frills product |
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Term
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Definition
| build competitive advant. by being unique in industry or market segment |
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Definition
| implemented by each functional area of the org to support the business strategy |
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Definition
| designed to support managers in eval. the org. progress regarding its strategy and when discrepencies exist, take corrective action |
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Term
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Definition
A process, but one that is complex and full of ups and downs, false starts, dead ends, forward visioning and backward sensemaking
It involves relations, bricolage, improvisation |
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Term
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Definition
| to make creative and resourceful use of whatever materials are at hand (regardless of their original purpose) |
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Term
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Definition
| a condition favorable to attaining a goal |
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Term
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Definition
| a strctured debate comparing two conflicting courses of action |
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Definition
| choosing an option that is acceptable, although not necessarily the best or perfect |
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Term
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Definition
| a consensually validated grammar for reducing equivocality by means of sensible interlocked behaviors |
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Term
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Definition
| How do we separate roles, tasks, skills over space and time? |
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Definition
| Formal structure, designed to maximize efficiency at a point in time |
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Definition
| Informal structure, designed to allow for flexibility over time |
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Term
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Definition
| ealm of behavior in which an organization member is willing to accept decisions made by superiors (Both draw on Barnard and Simon) |
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Term
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Definition
situational awareness
alternative goals and plans
goal and plan eval
goal and plan selection
implementation
monitor and control |
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Term
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Definition
| inputs to a system that can enhance performance |
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Term
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Definition
| a unique skill or knowledge an org. possesses that gives it edge over compt. |
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Term
| strategic management process |
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Definition
1. establishment of the mission, vision and goals
2. analysis of external opport. and threats
3. analysis of internal strengths and weaknesses
4. SWOT analysis and strategy formulation
5. strategy implementation
6. strategic control |
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Term
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Definition
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Term
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| assignment of responsibility |
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Term
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Definition
Centralization: top executives make decisions and pass them down the line
Decentralization: authority for decisions rests with line managers and employees
Functional organization: specialization by task, e.g., marketing, accounting, etc.
Divisional organization: specialization by product, e.g., solar panels, wind turbines |
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Term
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Definition
| Collection of people/firms that collaborate to produce a good or service |
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Definition
| Dual reporting relationships; both a functional manager and a divisional manager |
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Term
| Present day Network Organizations |
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Definition
Focus on core competencies
Outsource non-core competencies
Manage the entire supply chain as an integrated organization |
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Term
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Definition
| legitmate right to make decsions and tell other ppl what to do |
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Definition
| person is assigned a task he or she shoudl carry out |
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Definition
| rules and reg. governing how people in the org. interact |
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Definition
| est common routines and procedures that apply uniformly to everyone |
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Definition
| series of quality standards to improve total quality in all businesses for the benefit of the customer |
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Term
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Definition
| supports attainment of customer satisfaction via variety of tools that result in high quality goods and services |
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Term
| traditional org structures |
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Definition
| functional, divisional, matrix |
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Term
| modern organziation structures |
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Definition
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Term
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Definition
| operation that strives to achieve the highest possible productivity and total quality, cost effectively by eliminating unnecessary steps in the production process and continually striving for improvement |
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