oba

30問 • 1年前

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based on the fact that the future is laden with great uncertainty and that if we try and do not succeed, then we hope our second (or third) attempt will succeed. Decisions are predicated on the hope that they will work and the good times are just around the corner, especially if luck and good fortune are on our side.

Managing by Hope

based on the belief that the true measure of a really good strategist is the ability to solve problems. Because there are plenty of crises and problems to go around for every person and every organization, strategists ought to bring their time and creative energy to bear on solving the most pressing problems of the day.

Managing by Crisis

refer to the benefits a firm may achieve by entering a new market or developing a new product or service prior to rival firms.

First mover advantages

occurs when two organizations of about equal size unite to form one enterprise.

Merger

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

White Knight

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

Acquisition

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

Joint Venture

strategies allow a firm to gain control over distributors, suppliers, and/or competitors.

Vertical Integration

Seeking increased sales by improving present products or services or developing new ones.

Product Development

Selling all of company's assets, in parts, for their tangible worth

Liquidation

Regrouping through cost and asset reduction to reverse declining sales and profit.

Retrenchment

a strategy aimed at producing products and services considered unique industrywide and directed at consumers who are relatively price-insensitive.

Differentiation

When a merger or acquisition is not desired by both parties, it can be called a ___

Hostile Takeover

adheres to the principle "If it ain't broke, don't fix it." The idea is to keep on doing about the same things in the same ways because things are going well.

Managing by Extrapolation

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.

Managing by Subjective

Strategic responsibilities of the human resource manager include assessing the staffing needs and costs for alternative strategies proposed during strategy formulation and developing a ____ for effectively implementing strategies.

Staffing Plan

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

Work/Family Strategies

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

Wellness of Employees

Managers and employees are motivated more by perceived ____ than by organizational interests, unless the two coincide. Therefore, it is essential that divisional and functional managers be involved as much as possible in strategy-formulation activities.

Self-interests

also called downsizing, rightsizing, or delayering-involves reducing the size of the firm in terms of number of employees, number of divisions or units, and number of hierarchical levels in the firm's organizational structure.

Restructuring

Interdependency of objectives and competition for limited resources often leads to ___

Conflict

Strategic management enables ____ by annual objectives.

Resources

___ refers to specific guidelines, methods, procedures, rules, forms, and administrative practices established to support and encourage work toward stated goals.

Policy

___ serve as guidelines for action, directing and channeling efforts and activities of organization members.

Annual Objectives

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 functions or inputs.

Reengineering

can be considered the single greatest threat to successful strategy implementation.

Resistance to change

Strategists should strive to preserve, emphasize, and build upon aspects of an existing ___ that support proposed new strategies

Culture

___ decisions on plant size, plant location, product design, choice

Production-related

of equipment, kind of tooling, size of inventory, inventory control, quality control, cost control, use of standards, job specialization, employee training, equipment and resource utilization, shipping and packaging, and technological innovation can have a dramatic impact on the success or failure of ____ efforts.

Strategy-implementation

An organization can perhaps be most effective when its workforce mirrors the ___ of its customers

Diversity

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Lydster Joy Baquero Alonzo · 24問 · 1年前

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