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11 Cards in this Set
- Front
- Back
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Explain every component of internal analysis |
Resource Capabilities Core Competitive advantage Strategic Competitiveness |
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How does foreseing the problem of conformitry bash textbook knowledge |
8 assumption. re freezing > Defreezing using five alternative Approaches. Moral of the story Refreezing> Defreezing Open our minds to different strategies Social beliefs>Economic rationality Independent critcal thinking>Highly analyitical thinking |
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Corporate governance: role of the Board of directors |
1. Set corporate strategy 2. Hire and fire CEO and top management 3. Control monitor and supervise 4. Review and aproove use of resources 5. Care for shareholder interests. |
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3 benefits of good corporate governance |
1. Better Performance in long run 2. reduce risk of getting into trouble 3. can tackle major strategic issues |
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Role of top management |
1) Provide leadership and strategic vision 2)manage the strategic planning process |
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Stewardship theory |
Company interests long term survival > shareholder interests |
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Agency theory |
relationship between agents and principles 1) when theirs conflict between desires 2) different attitude towards risks. |
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Kicking the habbit: Why Family>publicly traded companies |
created more jobs employ more % of work force majority of public companies non family can create dicrepencies, they are a minority More sustainable and moral so they should be more taught frequently |
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4 Cs of family business |
Community Continuity Connection Command |
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HBR vision for building company vision |
First to core vision and values (CORE ideology) Second to consistently adapt company strategy to changes (envision the future) uses picture of mountain to add words to the picture |
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Hustle as a strategy |
vigor and nimbleness> Strategic planning Errecting barriers usually don't last play cards not chess: focus internally rather than competitors Manager's role: Sustain the hustle, Recruit hustlers, measure risk |
