Integration and internalization of markets and corporation
2. Set of managerial decisions and actions that determines the long run performance of a corporation 3. Use of business practices to reduce a company's impact on the natural, physical environment 4. Monitoring, evaluating and disseminating of information to the external and internal environments to key people within organization 5. Organization skilled at creating, acquiring, and transferring knowledge 6. Organization is unable to adapt to change 7. Organization adapts to change and have ability to reshape their environment. 8. Organization adapt by imitating successful organization 9. Ability to shift from one dominant strategy to another 10. Organizations adapt defensively and use knowledge to improve their relationship with the environment. 11. Development of long range plans for the effective management of environmental opportunities and threats in light of organizational strengths and weaknesses. 12. Process in which corporate activities and performance results are monitored so that actual performance can be compared to desired performance 13. End results of planned activity 14. Strategies and policies are put into action. 15. Form a comprehensive master plan that states how the corporation will achieve its mission and objective. 16. Purpose or reason for the organizations' existence 17. Broad guidelines for decision makings that links the formulation if strategy with its implementation. 18. What organization would like to become 19. Revise or correct decisions based on performance 20. End result or organizational activities 21. Focuses on long run future of the organization 22. Something that acts as a stimulus for a change in strategy. 23. Provide checklist of questions, by area or issue that enables systematic analysis to be made of various corporate functions and activities. 24. Using reactive solution rather than proactive 25. Strategy is based on a series of incremental commitment rather than through global formulation of total strategies. 26. Uses reactive and proactive mode 27. Focus on opportunities. 28. Mankind's social that includes general forces that do not directly touch on short run activities 29. Regulate values, mores and customs of society 30. The natural resources, climate/weather that can affect the production or operation of the business. 31. allocate powers, provide laws and regulations 32. regulate exchange of materials, money, energy and information. 33. generate problem-solving inventions 34. in depth examination of key factors within a corporation’s task environment 35. elements or groups that directly affect a corporation and are affected by it. 36. willingness to reject unfamiliar as well as negative information 37. argument that there is no such thing…. Only an oxymoron 37. massive right-downs and restatements of profit; misclassification of expenses as capital expenditures; pirating corporate assets for personal gain. 38. dominated by a few large form, each of which struggles to differentiate its products from those of competition 39. no firm has large market share and each firm serves only a small piece of total market 40. product that appears to be different but can satisfy the same need as another product. 41. affect the industry by their ability to raise prices or reduce the quality of purchased goods or services 42. affect industry through their ability to force down prices, bargain for higher quality or more services and play competitors against each other 43. operate in at least two different product market areas, one stable and one variable. 44. with limited product line that focuses on improving the efficiency of their existing operations 45. lack of consistent strategy – structure – culture relationship 46. with fairly broad product lines that focus on product innovation and market opportunities 47. Gathering information on companies competitors 48. free flowing ideas followed by triage 49. Map out 3 – 5 scenarios 50. Ask a lot of people 51. Hire a consultant 52. If things keep going the way they are going now 53. Trending, Curve fitting, etc. 54. businesses that operate worldwide 55. obstruction that makes it difficult for a company to enter an industry 56. set of business units or firms that “pursue similar strategies with similar resources” 57. Primarily coordinate their activities within regions 58. summarizes the key success factors within a particular industry 59. Variables that can significantly affect the overall competitive positions of companies within a particular industry. 60. organization’s assets and are thus the basic building blocks of the organization 61. Corporations ability to exploit resources 62. organizational analysis; identifying and developing an organization’s resources and competencies 63. when capabilities are changed and reconfigured to make them more adaptive to an uncertain environment. 64. competencies are superior to those of the competitor 65. collection of competencies that crosses divisional boundaries, is widespread within the organization, and something that the corporation can do exceedingly well. 66. critical strengths and weaknesses that are likely to determine if firm will be able to take advantage of opportunities while avoiding threats. 67. cross – functional integration and coordination of capabilities. 68. is the firm organized to exploit the resources? 69. Is it costly for other to imitate? 70. Do no other competitors possess it? 71. Does it provide customer value and competitive advantage? 72. Not easily communicated; deeply rooted in employee experience or in a corporation’s culture 73. knowledge that can be easily articulated and communicated 74. rate at which a firm’s underlying resources, capabilities, or core competencies depreciate or become obsolete. 75. ability of competitors to use duplicate resources and capabilities to imitate the other firm’s success 76. speed at which other forms can understand the relationship of resources and capabilities supporting a successful firm’ s strategy 77. ability of competitors to gather the resources and capabilities necessary to support competitive challenge 78. rate at which a firm’s underlying resources, capabilities, or core competencies can be duplicated by others. 79. company’s method for making money in the current business environment 80. provide a good or service that can be sold so that revenues exceed costs and expenses 81. systems integrator 82. entry level to high profit 83. Internet crash 84. many buyers and sellers 85. first to market 86. mature product/ low priced 87. propriety product 88. specialized niche 89. multi – products/spin-off 90. free product 91. Part of the chain that is most important to the company and point where is greatest expertise and capabilities lie 92. linked set of value – creating activities that begin with basic raw materials coming from suppliers, ending with distributors getting the final goods into hands of ultimate consumer 93. move forward or backward along the value chain in order to reduce costs, guarantee access to key materials or to guarantee distribution 94. Large corporation with many products in several related industries 95. functional specialists; medium sized firm with several products line is one industry 96. few products, small firm with one or two product line. 97. units throughout an organization share a common culture 98. collection of beliefs, expectations, and values learned and shared by corporation’s members and transmitted from one generation of employees to others. 99. holding company; large companies with many product lines in several unrelated industries 100. (group of) divisions composed of independent product market segments that are given primary responsibility and authority for management of own functional areas. 101. members of unit accepts the norms, values, or other culture content associated with the unit. 102. graph showing time plotted against the monetary sales of a product as it moves from introduction through growth and maturity to decline 103. name given to a company’s products which identifies that item in the mind of the consumers 104. ratio of total debt to total assets 105. particular combination of key variables under corporation’s control that can be use to effect demand and to gain competitive advantage 106. selection of specific areas for marketing concentration and can be expressed in terms of market, product and geographic locations 107. what niches to seek, which new types of products to develop and how to ensure a company’s many products do not directly compete with one another. 108. widely held perception of company be general public 109. type of brand in which the company’s name serves as a brand 110. analyzing and ranking of possible investments in fixed assets. 111. Spending as a % of sales 112. Process of taking a new technology form a laboratory to the market place 113. ability to develop and innovate 114. theoretical research leading to patents and publication 115. product and packaging development focused on sales and profit increase 116. concentrating on manufacturing quality and efficiency 117. mix in the workplace of people from different races, cultures, and backgrounds 118. suggest that unit production costs decline by some fixed percentage (20% - 30%) each time the total accumulated volume of production in units doubles 119. item is processed sequentially and the work and sequence of process vary 120. laid out as lines on which products can be continuously assembled or process 121. information network within an organization that also has access to the external worldwide Internet 122. information network within an organization that is available to key suppliers and customers 123. permits the low-volume output of custom – tailored product at relatively low unit costs through economies of scope 124. the low – cost production of individually customized goods and service