問題一覧
1
consisting of the analysis decisions and actions and organization undertakes and order to create and sustain competitive advantage
strategic management
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three ongoing processes
analysis, decisions, action
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four attributes of strategic management
directed toward organizational goals and objectives, includes multiple stakeholders and decision making, incorporates both short term and long term perspective, recognize trade-offs between effectiveness and efficiency
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analysis decisions and actions referred to as
analysis formulation and implementation
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decisions are determined only by analysis
intended strategy
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decisions are determined by both analysis and unforeseen environmental developments an anticipated resource constraints and changes in managerial preference
realized strategy
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advance work "that must be done in order to effectively formulate and implement strategies
strategy analysis
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addresses the issue of how firm compete in an industry to gain competitive advantage
business-level strategy
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focuses and two issues what business to compete in and how businesses can be managed to achieve synergy that is create more value by working together
corporate-level strategy
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three key strategic management process
strategy analysis, strategy formulation, strategy implementation
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effective strategies are of value if they are no properly implemented involves strategic controls and organization designs coordination and integration
strategy implementation
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addresses the relationship between various participants and determining the overall direction and performance of corporations
alternative perspective on stakeholders management
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alternative perspective of stakeholders management consists of three primary participants
stakeholders, management, board of directions
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three mechanisms that ensure effective corporate governance
an effective and engage board of directors, shared activism, proper managerial rewards and incentives
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stakeholders compete for attention and resources of the organization gain of one is a loss to the other rooted in the traditional conflict between workers and management
zero-sum view
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stakeholders are dependent upon each for their success and well-being
symbiosis view
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as one of our new inventions features a practice where the internet is used to tap a broad range of individuals and groups to generate ideas and solve problems
crowdsourcing
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managers consider the needs of the broad community at large and act in a socially responsible manner as the expectation that businesses are individuals will strive to improve their overall fair of a society
social responsibility
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as policies and operating practices that enhance the competitiveness of a company while simultaneously advancing the economic and social condition in which it operates
shared value
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many companies are measuring they call the ______ such as technique involves an assessment of environmental social and financial performance
triple bottom line
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three types of leaders
local line leaders, executive leaders, internal networkers
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have significant profit and loss responsibility
local line leaders
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champion and guide ideas create a learning infrastructure establish a domain of taking actions
executive leaders
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generate power through the conviction and clarity of their ideas
internal networkers
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has been described as a goal that is massively inspiring over aching and long term it should represent a destination and evoke passion
organizational vision
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are set of goals that include both the purpose of the organization its scope and operations and the basis of its competitive advantage
mission statement
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are used to operationalize the mission statements they help to provide guidance on how the organization can fulfill our move toward the higher goods goals in the goal hierarchy the mission and vision
strategic objectives
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smart
specific measurable appropriate realistic timely
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be aware of the competitive dynamics in their industry
entrepreneurial strategies
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as they go beyond their national boundaries
international strategies
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is the system of rules practices and process by which a company is directed and controlled
corporate governance