Strategic Management
This company used disruptive technological innovation to disrupt the video rental industry.
What is Netflix?
A measure of a firms competitive advantage calculated using information from a firm's published profit and loss and balance sheet statements.
A tool to monitor and implement a company's strategic plan and includes the following components: Financial, Customer, Learning & Growth, and Internal
What is the balanced scorecard?
In the structure-conduct-performance model, the term "performance" refers solely to the performance of what.
The luxury goods family-owned company we studied in class that uses a differentiation strategy.
What is Gucci?
The ultimate objective of the strategic management process
Ratios that focus on the level of a firm's financial flexibility
Describes an organization's purpose and reason for being.
What is a mission statement?
Within the VRIO framework, valuable resources and capabilities are also known as what.
What are strengths?
The low-cost provider company that uses backward vertical integration and has strong supplier relationships.
What is Walmart?
This describes how a company makes money for its business
What is a business model?
A company's Revenues minus Cost of Goods Sold
What is Gross Profit?
Two broad approaches/generic strategies companies use to create a competitive advantage.
What are low cost and differentiation?
When Sears and Kmart, two retail firms of relatively equal size in the United States, agreed to combine their assets, this was an example of what?
The divisions of an M-form organization are responsible for what.
A combination of decisions, actions, and resource allocation that positions an organization in its industry or market.
What is Business Strategy?
This ratio tells us how effectively and efficiently a company is using its fixed assets to generate revenues.
What is Fixed Asset Turnover Ratio
This allows companies to assess 2 internal and 2 external components tied to their overall strategy.
What is a SWOT analysis?
This type of strategy allows a company to streamline its operations by taking direct ownership of various stages in the production process rather than relying on external contractors or suppliers.
What is vertical integration?
The baseball team that changed the trajectory of baseball and used a low-cost positioning strategy.
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What are the Oakland A's?
An international strategy of thinking local, and acting global.
What is a transnational strategy?
Calculated by subtracting operating expenses, depreciation, and amortization from gross income.
What is operating income?
What the "P" in the PESTEL analysis stands for.
What is Political?
This analysis model involves customers, competitors, complementors, and suppliers.
What is value net analysis?
This company used disruptive technological technology.
What is Hewlett Packard?