Term
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Definition
Autonomy and Entrepreneurship
Bias for Action
Hands on Value Driven
Stick to knitting
Close to the customer
Simultaneous loose-tight
Simple form, lean staff
productivity through people |
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Term
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Definition
| creating transparency in the company, bringing together from all over the company to create new ideas, etc. Example - GM one day a year does this. |
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Term
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Definition
| Small number of LARGE firms |
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Term
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Definition
| Large number of SMALL firms |
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Term
| Organizations and Environments |
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Definition
E>O and O>E
BOTH CAN BE TRUE, CHOOSE BOTH OF THE ABOVE ON EXAM (C) |
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Term
| What is the value of music? |
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Definition
| hang up our memories and experiences. |
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Term
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Definition
| Structure, Strategy, Systems, Style, Staff, Skills and Superordinate goals |
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Term
| Who are some of the stakeholders in a company? |
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Definition
| employees, suppliers, customers, stockholders, local communities, and general public |
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Term
| Four Step Model for ethical thinking |
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Definition
| Evaluate a proposed strategic decision from an ethical standpoint, judge the ethics of the proposed strategic decision in the context of moral principles, establish moral intent, and engage in ethical behavior |
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Term
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Definition
| is a specialized kind of change, it is a new idea applied to initiating or improving a product, process, or service. |
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Term
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Definition
| errors are corrected using past routine and present policies |
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Term
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Definition
| errors are corrected in a way that involve the modification of the organization's objectives, policies and standard routines. |
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Term
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Definition
| try to create value by transferring valuable skills and products to foreign markets where indigenous competitors lack those skills and products. Develop the product at home, but oftentimes manufacture the product abroad. |
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Term
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Definition
| set for achieving maximum local responsiveness, customize both their product offering and their marketing strat. to different national conditions |
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Term
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Definition
| Focus on increasing profitability, tend not to customize their product and marketing to local conditions |
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Term
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Definition
| conditions are so intense that in order to survive companies must often keep costs low and at the same time pay attention to pressures for local responsiveness. Trying to achieve low-cost and differentiation. |
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Term
| Three major kinds of strategic change |
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Definition
| Reengineering, Restructuring and Innovation |
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Term
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Definition
| is when a company rethinks how their organization goes about doing their business. should start with the customer, how can we provide the best quality and lowest cost to the customer. |
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Term
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Definition
| reducing level of differentiation by eliminating divisions, departments or levels, AND downsizing by reducing the number of employees to reduce operating costs. |
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Term
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Definition
| is the process by which organizations use their skills and resources to create new technologies or goods and services so that they can change and better respond to the needs of their customers. |
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Term
| What is the first step in the change process? |
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Definition
| Determining the need for change, this sounds obvious but more often managers have trouble determining that something is going wrong in the organization. |
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Term
| What is the first step in the change process? |
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Definition
| Determining the need for change, this sounds obvious but more often managers have trouble determining that something is going wrong in the organization. |
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Term
| 7 Rules for turning great strategy into great performance!!! |
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Definition
1. Keep it simple, make it concrete.
2. Debate Assumptions, not forecasts.
3. Use a rigorous framework, speak a common language.
4. Discuss resource deployments early.
5. Clearly identify priorities.
6. Continuously monitor performance.
7. Reward and develop execution capabilities. |
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Term
| Leadership has focused on five variable, what are they? |
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Definition
| Leader effectiveness, Leader characteristics, follower characteristics, Leader behavior, Leader context. |
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Term
| What does ASAP stand for? |
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Definition
| Anticipation, speed, agility and perceptiveness. |
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Term
| Three "I's" of anticipatory management |
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Definition
Inquires - force management to think about what future they may hold.
Insights - produce more innovative strategies for firms that embrace strategic thinking.
Initiates - help capitalize on emerging opportunities and prevent potential problems. |
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Term
| Organizations compete in four races against the clock, what are they? |
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Definition
First - developing innovations in technology, products or processes.
Second - getting innovation off the drawing board and into consumer hands.
THird - increasing efficiency or quality of the innovation or developing new applications.
Fourth - using what has been learned to move to another innovation. |
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Term
| Dancing with elephants proverbs |
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Definition
| firms must be agile in order to survive the rapidly changing marketplace. |
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Term
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Definition
| is of paramount importance because agility cannot exists in an environment where everything is studied to death, committees run rampant, and no one has authority or courage to make decisions. |
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Term
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Definition
| often miss or ignore signs of change |
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Term
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Definition
| sense change earlier, use "defensive agility" |
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Term
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Definition
| look for leading indicators - have time to benefit from change. |
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Term
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Definition
| operate with longer time horizon, sense changes early. |
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Term
| 4 Phases of the history of strategy? |
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Definition
| Financial planning, forecasting, strategic planning, strategic management |
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Term
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Definition
| 1940's, calculate future and focus on budget |
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Term
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Definition
| 1970's, predict future and focus on trends |
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Term
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Definition
| 1990's-2000's...develop alternative futures and focus on agility |
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Term
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Definition
| 2005-Future, shape the future and focus on proactivity (doing) |
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Term
| O>E, if and only if they have one of the following four |
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Definition
Slack Resources - cannot lose clack on time because you can't get it back...
Flexibility - change fast...
Proactivity - be the change maker instead of the follower.
Environmental scanning |
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Term
| How do we overcome fragmentation and create concentration? |
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Definition
| Create economies of scale, standardize and modularize, and neutralize time and distance (omni-presence)...Look at study guide for more details. |
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Term
| According to the article about the 7-S framework, most people characterize companies based on what attribute? |
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Definition
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Term
| They will likely produce more innovative strategies for firms that embrace thinking...what is this factor? |
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Definition
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Term
| Instead of emphasizing developing elaborate plans, what should business schools place premiums on? |
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Definition
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