Strategy Analysis and Choice
Quadrant II businesses represent the organization’s best long-run opportunities for growth and profitability in the BCG Matrix.
Stars
Specific guidelines, methods, procedures, rules, forms, and administrative practices established to support and encourage work toward stated goals.
Policies
This can be defined as the subdividing of a market into distinct subsets of customers according to needs and buying habits.
Market segmentation
This activity includes comparing expected results to actual results, investigating deviations from plans, evaluating individual performance, and examining progress being made toward meeting stated objectives.
Measuring Organizational Performance
The actions an organization takes beyond what is legally required to protect or enhance the well-being of living things.
Social Responsibility
A firm’s internal strengths to take advantage of external opportunities.
SO Strategies
A disagreement between two or more parties on one or more issues.
Conflict
This entails developing schematic representations that reflect how your products or services compare to competitors’ on dimensions most important to success in the industry.
Product Positioning
The process that allows firms to evaluate strategies from four perspectives: financial performance, customer knowledge, internal business processes, and learning and growth.
Balanced Scorecard
The offering, giving, receiving, or soliciting of any item of value to influence the actions of an official or other person in discharge of a public or legal duty.
Bribery
A business strategy tool that evaluates two key dimensions: competitive position and market (industry) growth rate.
Grand Strategy Matrix
This groups tasks and activities by business function, such as production/operations, marketing, finance/accounting, research and development, and management information systems.
Functional Structure
This is also called Operating Income.
Earnings Before Interest and Taxes (EBIT)
Alternative plans that can be put into effect if certain key events do not occur as expected.
Contingency Plans
The extent that an organization’s operations and actions protect, mend, and preserve rather than harm or destroy the natural environment.
Sustainability
A strategic management tool objectively evaluates and prioritizes alternative strategies based on internal and external factors.
Quantitative Strategic Planning Matrix (QSPM)
This structure groups similar divisions into strategic business units and delegates authority and responsibility for each unit to a senior executive who reports directly to the chief executive officer.
Strategic Business Unit (SBU)
This is selling off a percentage of a company to others to raise capital; this action dilutes the owners’ control of the firm.
Going Public or Initial Public Offering (IPO)
A systematic process of objectively obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between these assertions and established criteria, and communicating the results to interested users.
Auditing
The policies that require employees to report any unethical violations they discover or see in the firm.
Whistle-blowing
A group of individuals who are elected by the ownership of a corporation to have oversight and guidance over management and who look out for shareholders’ interests.
Board of Directors
This involves reducing the size of the firm in terms of number of employees, number of divisions or units, and number of hierarchical levels in the firm’s organizational structure.
Restructuring
What is net income divided by number of shares outstanding.
The standard rules and procedures for financial reporting in the United States, ensuring financial statements are consistent, reliable, and comparable.
GAAP, or Generally Accepted Accounting Principles
The responsibilities the firm has to employees, consumers, environmentalists, minorities, communities, shareholders, and other groups.