SBA- CHAPTER 3

35問 • 1年前

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the sum total of all activities and choices required for the execution of a strategic plan

Strategic Implementation

a collection of tactics where a tactic is the individual action taken by the organization as an element of the effort to accomplish a plan. -the purpose of it is to make a strategy action-oriented.

Program

deals with when a company implements a strategy

Timing tactics

first company to manufacture and sell a new product or service

first mover

may be able to imitate the technological advances of others, keep risks down by waiting until a new technological standard or market is established and take advantage of the first mover ’ s natural inclination to ignore market segments

Last mover

deals with where a company implements a strategy

Market tactics

usually takes place in an established competitor's market location

Offensive tactics

usually takes place in the firm's own current market position as a defense against possible attack by a rival

Defensive tactics

block avenues of the attacker ex. (1) offering a full line of products in every profitable market segment to close off any entry points, (2) blocking channel access by signing exclusive agreements with distributors, (3) raising buyer switching costs, (4) reducing unit costs by increasing scale economies, (5) limiting outside access to facilities and personnel, and (6) avoiding suppliers that also serve competitors

Raise structural barriers

when the defender increases the perceived threat of retaliation for an attack. This counterattack is especially important in markets that are critical to the defending company.

Increase expected retaliation

It is when the defender reduces the expectations of the attacker regarding the future profits in the industry. The defender can deliberately keep prices low and constantly invest in cost-reducing measures. With prices being low, there is little profit incentive for a new entrant.s when the defender reduces the expectations of the attacker regarding the future profits in the industry. The defender can deliberately keep prices low and constantly invest in cost-reducing measures. With prices being low, there is little profit incentive for a new entrant.

Lower the inducement for attack

Planning a ____ is the last real check a corporation has on the feasibility of its selected strategy.

Budget

detail the various activities that must be carried out to complete a corporation's programs

Procedure

exists for a divisional corporation/diversification if the return on investment is greater than what the return would be if each division were an independent business. usually involves the financial benefits that companies get from combining their operations.

Synergy

Forms of Synergy includes:

Shared know-how, Coordinated strategies, Shared tangible resources, Economies of scale or scope, Pooled negotiating power, New business creation

changes in corporate strategy lead to changes in organizational structure

Structure follows strategy

flat structure (start-up) -flexible and dynamic

Simple Structure

Entrepreneur is replaced by a team of managers

Functional structure

Management of diverse product lines in numerous industries Decentralized decision making

Divisional Structure

generates two lines of authority, combining the functional and product departments of the organization.

Beyond SBU's matrix

Block to changing stages (Internal) includes;

Lack of resources, Lack of ability, Refusal to top management to delegate

Blocks to changing stages (external) includes:

Economic conditions, Labor shortage, Lack of market growth

Blocks to changing statges (entrepreneurs)

Loyalty to comrades, Task oriented, Single-mindedness, Working in isolation

describes how organizations grow, develop and decline

Organizational Life Cycle

the radical redesign of business processes to achieve major gains in cost, service or time effective program to implement a turnaround strategy

Reengineering

analytical method for achieving near perfect results on a production line emphasis is on reducing product variance in order to boost quality and efficiency

Six Sigma

includes the removal of unnecessary steps in any process and fixing those that remain

Lean Six Sigma

the study of individual tasks in an attempt to make them more relevant to the company and to the employees Logical sequence to job analysis

Job Design

combining tasks to give a worker more of the same type of duties to perform Adding new tasks to an existing job Ex. Cashier – stocking shelves and cleaning the stores.

Job Enlargement

moving workers through several jobs to increase variety

Job rotation

using task characteristics to improve employee motivation

Job Characteristics

altering the jobs by giving the worker more autonomy and control over activities Giving more responsibilities for their work, learn new skills Ex. Cashier –may include managing the store's finances

Job Enrichment

a highly developed international company with a deep involvement throughout the world, plus a worldwide perspective in its management and decision making

Multinational Corporation (MNC)

enables the company to introduce and manage a similar line of products around the world enables the corporation to centralize decision making along product lines and to reduce costs

Product group structure

allows the company to tailor products to regional differences and to achieve regional coordination

Geographical area structure

VITMOLOGY-PPT2

Anndrea S. Galupo · 22問 · 1年前

VITMOLOGY-PPT2