Save
Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't know (0)
Remaining cards (0)
Know (0)
0:00
share
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Management Chapter-9

Robbins & Coulter 11th Edition

QuestionAnswer
Strategic Management what managers do to develop the organization's strategies
Strategies the plans for how the organization will do what it's in business to do, how it will compete successfully, and how it will attract and satisfy its customers in order to achieve its goals
Business Model how a company is going to make money
Strategic Management Process a six-step process that encompasses strategic planning, implementation, and evaluation
Opportunities positive trends in the external environment
Mission a statement of an organization's purposes
Threats negative trends in the external environment
Resources an organization's assets that are used to develop, manufacture, and deliver products to its customers
Strengths any activities the organization does well or any unique resources that it has
Corporate Strategy an organizational strategy that determines what businesses a company is in or wants to be in and what it wants to do with those businesses
Capabilities an organization's skills and abilities in doing the work activities needed in its business
Weaknesses activities the organization does not do well or resources it needs but does not possess
Growth Strategy a corporate strategy that's used when an organization wants to expand the number of markets served or products offered, either through its current business(es) or through new business(es)
Core Competencies the organization's major value-creating capabilities that determine its competitive weapons
SWOT Analysis an analysis of the organization's strengths, weaknesses, opportunities, and threats
Stability Strategy a corporate strategy in which an organization continues to do what it is currently doing
Renewal Strategy a corporate strategy designed to address declining performance
BCG Matrix a strategy tool that guides resorce allocation decisions on the basis of market share and growth state of SBUs
Competitive Strategy an organizational strategy for how an organization will compete in its business(es)
Strategic Business Unit(SBU) the single independent businesses of an organization that formulate their own competitive strategies
Competitive Advantage what sets an organization apart; its distinctive edge
Functional Strategy the strategies used by an organization's various functional departments to support the competitive strategy
Strategic Leadership the ability to anticipate, envision, maintain flexibility, think strategically, and work with others in the organization to initiate changes that will create a viable and valuable future for the organization
Strategic Flexibility the ability to recogniza major external changes, to quickly commit resources, and to recognize when a strategic decision was a mistake
Created by: 1257641797
 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards