chapter 1

31問 • 2年前

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consisting of the analysis decisions and actions and organization undertakes and order to create and sustain competitive advantage

strategic management

three ongoing processes

analysis, decisions, action

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

analysis decisions and actions referred to as

analysis formulation and implementation

decisions are determined only by analysis

intended strategy

decisions are determined by both analysis and unforeseen environmental developments an anticipated resource constraints and changes in managerial preference

realized strategy

advance work "that must be done in order to effectively formulate and implement strategies

strategy analysis

addresses the issue of how firm compete in an industry to gain competitive advantage

business-level strategy

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

three key strategic management process

strategy analysis, strategy formulation, strategy implementation

effective strategies are of value if they are no properly implemented involves strategic controls and organization designs coordination and integration

strategy implementation

addresses the relationship between various participants and determining the overall direction and performance of corporations

alternative perspective on stakeholders management

alternative perspective of stakeholders management consists of three primary participants

stakeholders, management, board of directions

three mechanisms that ensure effective corporate governance

an effective and engage board of directors, shared activism, proper managerial rewards and incentives

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

stakeholders are dependent upon each for their success and well-being

symbiosis view

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

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

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

many companies are measuring they call the ______ such as technique involves an assessment of environmental social and financial performance

triple bottom line

three types of leaders

local line leaders, executive leaders, internal networkers

have significant profit and loss responsibility

local line leaders

champion and guide ideas create a learning infrastructure establish a domain of taking actions

executive leaders

generate power through the conviction and clarity of their ideas

internal networkers

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

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

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

smart

specific measurable appropriate realistic timely

be aware of the competitive dynamics in their industry

entrepreneurial strategies

as they go beyond their national boundaries

international strategies

is the system of rules practices and process by which a company is directed and controlled

corporate governance

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Jennie Rose Carpo · 24問 · 2年前

Sg1