Strategic Management
This company used disruptive technological innovation to disrupt the video rental industry.
What is Netflix?
Costs directly related to producing a company's products.
What is cost of goods sold?
The "P" in the PESTEL Analysis stands for this.
What is political?
The 3 components of the triple bottom line strategic model.
What are people, planet, and profit?
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?
A business' plan for how it will make money.
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 company case study dealing with human capital strategy.
What is Safelite?
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?
A tool to monitor and implement a company's strategic plan and includes the following components: Financial, Customer, Learning & Growth, and Internal. You did a group project using this tool for your coffee companies.
What is the balanced scorecard?
This analysis model involves customers, competitors, complementors, and suppliers.
What is value net analysis?
This company case study that used a disruptive technology strategy.
What is Hewlett Packard?