strategy
The acronym for strength weakness opportunities threats.
What is SWOT Analysis?
The advantage companies are looking for and trying to sustain
Statements made to reflect a companies values
what is a Mission Statement?
The Human resource manager in the office tv show
who is Toby Flenderson?
The process of analyzing a companies competitive situation
what is Strategic management
An important part of HR that involves the shared values and attitudes of the workplace
What is culture
Reduction of workers
What is downsizing?
Value can be created by reducing this number
What is cost
a plan constructed to add value for the customers
what is a business model?
the process through which the organization seeks applicants for potential employment
what is Recruitment
The important part in strategy implementation that incentivizes employees
what is a reward systems?
The founder of GE
Who is Thomas Edison?
setting company objectives based on strengths, weaknesses, opportunities, and threats. Ex. Apple's planned approach to designing its famous Macintosh computers in the 1980s
What is Strategic Formulation?
Examines the organization’s operating environment to identify the strategic opportunities and threats
what is External Analysis?
A complex set of values, beliefs, assumptions, and symbols that define the way in which a firm conducts its business
What is Organizational Culture?
The name of our textbook manufacture for this class
What is McGraw Hill?