Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


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. Your email address is only used to allow you to reset your password. See 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
Remaining cards (0)
Know
0:00
edit
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

BA283

Business Management chpt6-1

QuestionAnswer
Business plan a document that outlines a proposed firm's goals, the strategy for achieving them, and the standards for measuring success
A strategy a large-scale action plan that sets the direction for an organization.
Strategic management a process that involves managers from all parts of the organization in the formulation and the implementation of strategies and strategic goals.
Strategic planning determines the organization's long-term goals for the next l-5 years regarding growth and profits
Strategic positioning attempts to achieve sustainable competitive advantage by preserving what is distinctive about a company.
Creating unique and a valuable position, trade offs on which strategy to follow, creating a fit in product activities
T he strategic-management process has five steps: the mission, vision, grand strategy, formulate the strategic plans, carry out plans, maintain strategic control
Grand strategy explains how the organization's mission is to be accomplished.
Strategic formulation the process of choosing among different strategies and altering them to best fit the organiza­tion's needs.
Strategic implementation Putting strategic plans into effect
Strategic control consists of monitoring the execution of strategy and making adjustments, if necessary.
Three common grand strategies are: growth,stability,defensive
Growth strategy a grand strategy that involves expansion-as in sales revenues, market share, number of employees, or number of customers or (for nonprofits) clients served.
Stability strategy a grand strategy that involves little or no significant change. Using the same strategic plans that is succsessful
Defensive strategy is a grand strategy that involves reduction in the organization's efforts Laying off, bankruptcy slash prices to become competitive
Created by: brsoul1
Popular Management sets

 

 



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