desired characteristics of objectives (8)

nature of long term objectives

benefits of clearly established long term objectives

strategy formulation (5)

strategy implementation (5)

based on the fact that the future is laden with great uncertainty and that if we try and do not succeed

based on the belief that the true measure of a really good strategiest is the ability to solve problem

refers to the benefits affirm may achieved by entering a new market or developing a new product or services prior to rival firms

occurs when two organization of about equal size unite to form one enterprises

is a term that refers to a firm that agrees to acquire another firm when that other firm spacing a hostile takeover by some company

occurs when a large organization purchases acquires a smaller firm or vice versa

this is a popular strategy that occurs when two or more companies form a temporary partnership or consortium for purpose of capitalizing on some opportunity

strategies allow a firm to gain control over distributor, suppliers and or competitors

seeking increase sales by improving present products or service or developing new ones

selling all of companies asset and parts for their tangible worth

regrouping true cost and asset reduction to reverse declining sales and profit

a strategy aimed at producing products and services considered unique industry wide

when merger or association is not desired by both parties it can be called

adheres to the principle if it ain't broke don't fix it

built on the idea that there is no general plan for which way to go and what to do just do the best you can to accomplish what you think should be done

strategic responsibilities of the human resource manager include assessing the staffing needs and cost for alternative strategies proposed during strategy formulation and developing a ___________for effectively implementing strategies

have become so popular among companies today that the strategies now represent a competitive advantage for those firms that offers such benefits as elder care assistant, flexible scheduling ,job sharing ,adoptions benefits and etc.

has become a strategic issue for many firms. Most firms requires a health examination as a part of an employment application and healthiness is more and more becoming a hiring factor

managers and employees are motivated more by perceived______________

also called downsizing criticizing or delaying involved reducing the size of the firm in terms of number of employees number of division or units and number of hierarchical levels in the firms organizational structure

interdependency of objectives and competition for limited resources often leads to_________

strategic management enables _______ to be allocated according to priorities established by annual objectives

broadly defined ________refers to specific guideline methods procedure rules forms and administrative practices established to support and encourage work towards state goals

_________ serve as guidelines for action directing and channeling efforts and activities of organization members

a firm uses information technology to break down functional barriers and create a work system based on business processes products or outputs rather than on function or inputs

can be considered a single greatest threat to successful strategy implementation

strategies should strive to preserve emphasize and build upon aspect of an existing _________that support proposed new strategies

__________ decision on plant size plant location product design choice

production related decision on plant size plant location product design choice of equipment kind of towing size of inventory inventory control quality control cost control use of standards job specialization employee training equipment and resources utilization shipping and packaging and technological innovation can have a dramatic impact on the success or failure of _________ efforts

an organization can perhaps be most effective when it's equal perks mirrors the _________of its customers

in a weak economy when consumers are more interested in buying cheaper brands

Stengel acknowledges that adds must promote price but he says ads must also show the __________ of the product or service to be blank_______

information collection retrieval and storage can be used to create ___________ and ways such as cross selling to customer monitoring suppliers keeping managers and employee informed coordinating activities among divisions and managing funds

customer trust each other's _________more than a company's marketing feeds and the more they talk freely the more the firm can learn how to improve its product service and marketing

a good information system can allow a firm to_____

companies and virtually every industry are relying on the development of _______

new ________ and ______ to fuel probability and growth

__________entails developing schematic representation that reflect how your products or services compares to competitors on dimensions most important to success in the industry

__________ can be defined as the subdividing of a market into distinct subset of customers according to needs and buying habits