Chapter 1
Chapter 2
Chapter 3
Chapter 4
Final Jeopardy
100
Management’s blueprint for delivering a valuable product or service to customers in a manner that will yield an attractive profit
What is Business Model
100
This plan lays out the firm’s future direction, performance targets, and strategy
What is a strategic plan
100
This encompasses the broad environmental context in which a firm is situated and is comprised of six principal components: political factors, economic conditions, sociocultural forces, technological factors, environmental factors, and legal/regulatory conditions
What is the Macro Environment
100
A competitive asset that is owned or controlled by a firm
What is a resource
200
This strategy is a combination of deliberate planned elements and unplanned emergent elements. Some components of a company’s deliberate strategy will fail in the marketplace and become abandoned strategy elements
What is a Realized Strategy
200
The beliefs, traits, and behavioral norms that company personnel are expected to display in conducting the company’s business and pursuing its strategic vision and mission
What are values
200
According to the Gamble text, these are the major underlying causes of change in industry and competitive conditions
What are driving forces
200
A proficiently performed internal activity that is central to a company’s strategy and competitiveness
What is a core competence
200
This group critiques and oversees the company’s direction, strategy, and business approaches and evaluate the caliber of senior executives’ strategy-making and strategy-executing skills
What is a Board of Directors
300
Tests of Strategic Fit, Competitive Advantage, and Performance
What are 3 tests of a winning strategy
300
This is a widely used method for combining the use of both strategic and financial objectives, tracking their achievement, and giving management a more complete and balanced view of how well an organization is performing
What is the Balanced Scorecard
300
These are the strategy elements, product attributes, competitive capabilities, or intangible assets with the greatest impact on future success in the marketplace
What are key success factors (KSF's)
300
The ability to modify, deepen, or reconfigure the company’s existing resources and capabilities in response to its changing environment or market opportunities
What is dynamic capability
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