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24 Cards in this Set
- Front
- Back
reactor
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REACTOR: Business strategy where environmental threats and opportunities are reacted to in an ad hoc manner
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internal process model
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INTERNAL PROCESS MODEL: A model that reflects the value of internal focus and structural control.
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strategy
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STRATEGY: Current set of plans, decisions and objectives that have been adopted to achieve and organization's goals
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human relations model
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HUMAN RELATIONS MODEL: An organization model that incorporates the values of an internal focus with a flexible structure.
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internal process approach
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INTERNAL PROCESS APPROACH: An approach that looks at internal activities and assesses effectiveness by indicators of internal health and efficiency.
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operative goals
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OPERATIVE GOAL: Description of ends or goals sought through the operational procedure of that organization; these explain what the organization is trying to accomplish
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differentiation
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DIFFERENTIATION: Organization attempts to distinguish their products and svcs from others via adertising, distinct product features, great service, new technology
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focus
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FOCUS: Organization's dominant perspective value, which may be internal or external.
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focus strategy
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FOCUS STRATEGY: A strategy where an organization concentrates on a specific region or buyer group.
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stakeholder approach
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STAKEHOLDER APPROACH: group within and without that has a stake in organizations performance
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defender
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DEFENDER: Business strategy that seeks stability or even retrenchment rather than innovation or growth
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mission
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MISSION: Organizations reason for its existence
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analyzer
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ANALYZER: Business strategy that seeks to maintain stable business while innovating on the periphery
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official goals
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OFFICIAL GOALS: Formally stated definition of business scope and outcomes the organization is trying to achieve; another word for mission
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rational goal model
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RATIONAL GOAL MODEL: organization model that reflects values of structural control and external focus
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organizational goal
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ORAGANIZATIONAL GOAL: desired state of affairs that the organization is trying to reach
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structure
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STRUCTURE: Formal reporting relationships, groupings, and systems of an organization
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competing values approach
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COMPETING VALUES APPROACH: perspective on organizational effectiveness; combines different indicators of performance that represent competing management values
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goal approach
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GOAL APPROACH: Approach to organizational effectiveness based on output and whether the organization achieves its output goals.
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low-cost leadership
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LOW COST LEADERSHIP: increase market share by emphasizing low cost compared to its competitors
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prospector
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PROSPECTOR: business strategy characterized by innovation, risk taking, seeking out new opportunities and growth.
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open systems model
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OPEN SYSTEM MODEL: Organizational model that reflects a combination of external focus and flexible structure
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efficiency
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EFFICIENCY: the amount of resources needed to produce a unit of output. Can be measured as ratios of inputs to outputs. An organization who reaches a given production level with fewer resources is more efficient.
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resource based approach
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RESOURCE BASED APPROACH: Organizational perspective that assesses effectiveness by seeing how well the organization obtains, integrates, and manages valued resources
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