Chuck williams book
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
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| An advantage that ether companies have tried unsuccessfully to duplicate and have, for the moment, stopped trying to duplicate | show 🗑
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| show | Valuable, Rare, Imperfectly imitable, and
Nonsubstitutable
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| Step to strategic making process | show 🗑
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| A reluctance to change strategies or competitive practices that have been successful in the past | show 🗑
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| A discrepancy between a companys's intended strategy and the strategic actions managers take when actually implementing that strategy | show 🗑
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| An assessment of the strengths and weaknesses in an organization's internal environment and opportunities and threats in its external environment | show 🗑
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| Risk-avoiding strategies and or risk seeking strategies | show 🗑
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| overall organizational strategy | show 🗑
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| show | What business or businesses are we in or should we be in?
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| show | Portfolio strategy
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| show | diversification strategy
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| portfolio strategy that managers use to categorize their coporation's businesses by growth rate and relative market share, helping them decide how to invest corporate funds | show 🗑
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| show | Stars
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| companies that have a large share of a slow growing market | show 🗑
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| show | dog
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| show | related diversification
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| broad strategic plan used to help an organization achieve its strategic goals and guide the strategic alternatives that managers of individual businesses or subunits may use. | show 🗑
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| show | growth strategy
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| show | stability strategy
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| to turn around very poor company performance by shrinking the size or scope of the business or if a copmany is in multiple businesses, by closing or shutting down different lines of business | show 🗑
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| show | recovery
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| Addresses the question How should we compete in this industry? | show 🗑
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| 5 industry forces according to Michael Porter | show 🗑
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| A measure of the intensity of competitive behavior between companies of an industry | show 🗑
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| show | Threat of new entrants
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| A measure of the ease with which customers can find substitutes for an industry's products or services | show 🗑
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| A measure of the influence that suppliers of parts, materials, and services to firms in an industry have on the prices of these inputs | show 🗑
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| show | Bargaining power of buyers
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| The positioning strategy of producing a product or service of acceptable quality at consistently lower production costs than competitors can, so that the firm can offer the product or service at the lowest price in the industry | show 🗑
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| show | differentiation
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| company uses either cost leadership or differentiation to produce a specialized product or service for a limited, specially targeted group of customers in a particular geographical region or market segment | show 🗑
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| Those who adopt an adaptive strategy aimed at defending strategic positions by seeking moderate steady growth and by offering a limited range of high quality products and services to a well defined set of customers | show 🗑
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| those who adopt an adaptive strategy that seeks fast growth by searching for new market opportunities,encouraging risk taking, and being the first to bring innovative new products to the market | show 🗑
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| those who adopt an adaptive strategy that seeks to minimize risk and maximize profits by following or imitating the proven success of prospectors | show 🗑
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| show | firm level strategy
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| show | Direct competition
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| show | market commonality
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| show | resource similarity
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| a scientific advance or unique combination of existing technologies creates a significant breakthrough in performance or functions | show 🗑
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| the phrase of a technology cycle characterized by technological substitutions and design competition. | show 🗑
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| show | technological substitution
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| show | Design competition
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| a new technological design or precess that becomes the accepted market standard... ex. HD dvd losing to Blu Ray.. Hd dvd customers had to switch to the winning blu ray | show 🗑
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| sucessful implementation of creative ideas in an organization. | show 🗑
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| begins with the birth of a new technology and ends when that technology reaches its limits and dies as it is replaced by a newer, substantially better technology | show 🗑
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| a pattern of technological innovation characterized by slow initial progress, then rapid progress, and then slow progress again as a technology matures and reaches its limits | show 🗑
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| 6 components that encourage creativity | show 🗑
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| show | flow
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| show | experiential approach to innovation
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| show | compression approach to innovation
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| forces that produce differences in the form, quality or condition of an organization overtime | show 🗑
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| forces taht support the existing state of conditions in organizations | show 🗑
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| opposition to change results from self interest, misunderstanding and distrust and a general intolerance for change | show 🗑
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| occurs when a company builds a new business or buys an existing business in a foreign country | show 🗑
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| a direct tax on imported good | show 🗑
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| show | non tariff barriers
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| show | quotas
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| limit the amount of a product that can be imported annually | show 🗑
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| show | subsidies
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| show | Gatt (General agreement on tariffs and trade
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| Between North america, mexico and canada.. a regional trade agreement between these 3 countries | show 🗑
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| show | exporting
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| show | cooperative contract
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| show | licensing
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| collection of networked firms in which the manufacturer or marketer of a product or service, the franchisor, licenses the entire business to another person or organiztion, the franchisee | show 🗑
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| show | strategic alliance
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| a strategic alliance in which two existing companies collaborate to form a third, inderpendant company | show 🗑
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| foreign offices, facilities, and manufacturing plants that are 100 percent owned by the parent company | show 🗑
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| show | global new ventures
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| the risk of major changes in political regimes that can result from war, revolution, death of political leaders, social unrest, or other influential events | show 🗑
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| show | policy uncertainty
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| show | power distance
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| show | individualism
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| show | masculinity and femininity
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| degree to which people in a country are uncomfortable with unstructured ambiguous, unpredictable situations | show 🗑
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| addresses whether cultures are oriented to the present and seek immediate gratification or to the future or defer gratification | show 🗑
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| someone who lives and works outside his or her native country | show 🗑
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| show | departmentalization
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| show | functional departmentalization
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| show | product departmentalization
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| organizes work and workers into separate units responsible for particular kinds of customers | show 🗑
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| show | geographical departmentalization
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| a hybrid structure in which two or more forms of departmentalization are used together | show 🗑
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| the right to give commands take actions and make decisions to achieve organizational objectives | show 🗑
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| show | chain of command
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| workers should report to just one boss | show 🗑
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| right to command immediate subordinates in the chain of command | show 🗑
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| right to advise but not command others who are not subordinates in the chain of command | show 🗑
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| activity that contributes directly to creating or selling the company's product. | show 🗑
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| show | delegation of authority
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| an activity that does not contribute directly to creating or selling the companys product but instead supports line activities | show 🗑
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| occurs when a job is composed of a small part of a larger task or process | show 🗑
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| attempts to overcome the disadvantages of job specialization by periodically moving workers from one specialized job to another to give them more variety and opportunity to use different skills... | show 🗑
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| show | job enlargment
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| attempts to overcome the dificiencies in specialized work by increasing number of tasks and by giving workers the authority and control to make meaningful decisions about their work | show 🗑
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| an approach to job redesign that seeks to formulate jobs in ways that motivate workers and lead to positive work outcomes | show 🗑
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| the number of different activities performed in the job | show 🗑
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| show | task identity
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| show | task significance
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| show | autonomy
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| ammount of information the job provides to workers about their work performance | show 🗑
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| consists of small number of people with complementary skills who hold themselves mutually accountable for pursuing a common purpose, achieving performance goals and impproving independant work processes | show 🗑
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| when workers withhold their efforts and fail to perform their share of work | show 🗑
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| show | traditional work groups
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| show | emmployee involvement team
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| a group that has the authority to make decisions and solve problems related to the major tasks of producing a product or service | show 🗑
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| show | self managing team
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| show | self designing teams
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| team composed of employees from different functional areas of the organization | show 🗑
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| show | project team
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| show | norms
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| show | cohesivness
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| focuses on problem related difference in opinion | show 🗑
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| refers to the emotional reactions that can occur when disgreements become personal rather than professional. do not want to get to this conflict | show 🗑
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