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31 Cards in this Set
- Front
- Back
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Planning |
Choosing a goal and developing a method of strategy to achieve that goal |
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S.M.A.R.T. Goals |
Specific Measurable Attainable Realistic Timely |
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Strategic Plans |
Clarify how the company will serve customers and position itself against competitors. |
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Purpose Statement |
An inspirational statement of an organization's purpose |
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Strategic Objective |
Goal that unifies efforts stretches and challenges and possesses a finish line and time frame |
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Tactical Plans |
Specify how a company will use resources, budgets, and ppl to accomplish goals |
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Management by Objectives |
Develop and carry out tactical plans |
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Resources
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The assets, capabilities, processes,information, and knowledge that theorganization controls
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CompetitiveAdvantage |
Providing greater value for customersthan competitors can |
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SustainableCompetitiveAdvantage
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A competitive advantage that othercompanies have tried unsuccessfullyto duplicate
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S.W.O.T. |
Strengths > Internal Weaknesses Opportunities > External Threats |
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Stars |
Companies with a large share of a fast-growing market |
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Question Marks |
Companies with a small share of fast-growing market |
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Cash cows |
Companies with a large share of a slow-growing market |
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Dogs |
Companies with a small share of a slow-growing market |
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Innovation Streams |
Patterns of innovation over time that can create sustainable competitive advantages |
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Technological Discontinuity |
When a scientific advance or uniquecombination of existing technologies thatcreates a significant breakthrough inperformance or function. |
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Parts of Experiential approach |
Design Iterations
Testing Milestones Multi functional Teams Powerful Leaders |
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Parts of Compression Approach |
Planning
Supplier Involvement Shortening time of individual steps Overlapping Steps Multifunctional Teams |
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5 Stages of Organizational Decline |
Blinded
Inaction FaultyAction Crisis Dissolution |
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Multinational Corp |
A corporation that owns businesses intwo or more countries.
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Direct Foreign Investment |
A method of investment in which a companybuilds a new business or buys an existingbusiness in a foreign country.
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GATT |
GATT made it easier and cheaper for consumersin all countries to buy foreign products.
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World Trade Organization |
Switzerland:1995 153 countries Administers WTO trade agreements |
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Maastricht Treaty of Europe |
1992 with 12 Eruo countries now 25 countries European Union |
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NAFTA |
North America Free Trade Agreement Btwn Canada, US, and mexico |
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CAFTA USAN |
Central American Free Trade Agreement Union of South American Nations |
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Licensing
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A domestic company receives royaltypayments for allowing anothercompany to produce its product, sella service, or use its brand name in aspecified foreign market
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Franchising |
A collection of networked firms inwhich the manufacturer or marketer ofa product/service licenses the entirebusiness to another person ororganization
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StrategicAlliance
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An agreement in which companiescombine key resources, costs, risks,technology, and people
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Joint Venture |
A strategic alliance in which twoexisting companies collaborate toform a third, independent company
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