問題一覧
1
carefully design/planned
strategic
2
clear set of plans and actions
strategic in business
3
art & science of formulating, implementing and evaluating
strategic management
4
__________ is a company's game plan
strategic plan
5
controllable activities
internal strength and weaknesses
6
specific results
long term objectives
7
long term objectives achieved
strategies
8
short term milestone
annual objectives
9
annual objectives achieved
policies
10
_______ is the key for successful strt man
communication
11
collection & evaluation of data on competitors
competitive forces
12
systematic and ethical process for gathering and analyzing information
competitive intelligence
13
identifies major competitors
competitive profile matrix
14
identify and evaluate factor beyond the control of the single firm
external strategic management audit
15
3 stages of strat man
strategy formulation, strategy implementation, strategy evaluation
16
strategy formulation
vision/mission internal strength and weaknesses external threats and opportunities long term objectives alternative strategies strategy selection
17
strategy implementation
annual objectives, policies, employees motivation, resource allocation
18
strategy evaluation
internal review external review performance measurement corrective action
19
strategist
gather, analyze, organize
20
identify (7) external opportunities and threats
-economic, social, cultural, demographic/environmental, political/legal/governmental, technological, competitors
21
identify (6) internal strength and weaknesses
-management, marketing, finance and accounting, production and operations, research and development, management information systems
22
4 ways in assesing internal environment
-financial ratio, performance measure, industry averages,, survey data
23
identifies strength and weaknesses in management, marketing etc
internal audit
24
firms strength that cannot be easily matched or imitated by competitors
distinctive competencies
25
exemplifies complexity if relationship among functional areas of the business
financial ratio analysis
26
pattern of behavior developed by an organization
organizational culture
27
beginning of management process
planning
28
Can develop through planning
synergy
29
breaking down task into jobs
organizing
30
influencing to accomplish specific objectives
motivating
31
personnel management/HRM
staffing
32
established performance standards
controlling
33
customer need or wants for product/services
marketing
34
markets segmented effectively
marketing audit
35
investment, financing anf dividend
finance/accounting
36
firms ability to meet its short term objectives
liquidity ratio
37
extent of debt financing
leverage ratio
38
a ratio aim to have effective use of firms resources
activity ratio
39
effectiveness shown by returns of sales and investment
profitability ratio
40
firms ability to maintain economic position
growth ratios
41
development of new products before competitors
research and development
42
improve performance of an enterprise by improving the quality of managerial decision
management information systems
43
process whereby a firm determine the cost of purchasing raw materials, manufacturing product, marketing products
value chain analysis
44
represent the results expected from pursuing certain strategies
long-term objectives
45
strategy evaluation and control technique
the balanced scorecard
46
gaining ownership or increased control over distributors or retailers
forward integration
47
seeking ownership or increased control of afirms suppliers
backward integration
48
forward/backward integration
vertical integration strategy
49
market penetration, development, and product development
intensive strategies
50
seeking increased market share for present products or service in present market through marketing effort
market penetration
51
introducing present products or services into new geographic location
market development
52
seeking increased sales by improving present products or services or development new ones
product development
53
related and unrelated ________ strategies
diversification strategies
54
adding new but related product and services
related diversification
55
adding new unrelated product/ services
unrelated diversification
56
retrenchment, divestiture, liquidation
defensive strategies
57
regrouping through cost and asset reduction to reverse declining sales and profit
retrenchment
58
selling division or part of an organization
divestiture
59
selling all of a company's assets
liquidation
60
identify 5 porters generic strategies
cost leadership-low cost/ best value differentiation focus- low cost/best value
61
basis of resource allocation
annual objectives
62
a disagreement between two or more parties
conflict
63
3 approaches in resolving conflict
avoidance, defusion, confrontation
64
a _____ is a structure that a groups task and activities by business function
functional structure
65
can organize in four ways: geographic, product/services, customer, process
divisional structure
66
groups similar to divisions into strategic business unit and delegates authority and responsibility
strategic business unit structure (SBU)
67
most compelx of all structure. Depends upon both vertical and horizontal flows of authority and communication
matrix structure
68
reducing the size of an organization
restructuring
69
_____ is vital to an organization's well being
strategy evaluation
70
rumelts 4 criteria
consistency, consonance, feasibility, advantage
71
strategy should not present inconsistent goals and policies
consistency
72
need for strategist to examine sets of trends
consonance
73
neither overtax resources nor create unsolvable subproblems
feasibility
74
creation or maintenance of competitive advantage
advantage
75
IFE means?
internal factor evaluation
76
EFE means?
external factor evaluation
77
principle of conduct within organization that guide decision making and behavior
business ethics
78
a document that provides behavioral guidelines that cover daily activities
code of business ethics
79
actions an organization takes beyond what is legally required to protect or enhance well being of living things
social responsibility
80
A concerns what responsibilities the firm has to its employees
social policy
81
the extent that an organization's operation and actions protect, mend, and preserve rather than harm or destroy the natural environment
environmental sutainability
82
reveals how a firms operation impacts the natural environment
sustainability report
83
Who make the balanced scorecard
Robert Kaplan and David Horton
84
Vision
Long-Term
85
Mission
Short term
86
What is the basic tenet of strategic management
take advantage of externak opportunity, minimize/avoid the impact of external threat
87
Example of external strategic management audit
environmental scanning and industry analysis
88
What is the purpose of external audit?
to develop finite list of opportunities
89
What if the rule of government in business
60/40
90
Rivalry among exist competitors
threat of new entrants, bargaining power of buyers, bargaining power of supplies, threats of substitute products
91
What are the five forces model?
Rivalry among competing firms, potential development of substitute products, bargaining power of suppliers is increased, backward integration is gaining control or ownership of supplies, bargaining power of consumer.