Strategic Management
This company used disruptive technological innovation to disrupt the video rental industry.
What is Netflix?
This fast food company was a first mover in the drive -up food service industry.
What is McDonald's?
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 is for companies to gain this
What is to gain a competitive advantage?
What is a Blue Ocean strategy?
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 retail company studied in class 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?
DAILY DOUBLE 2X THE POINTS!
What company was our beginning of the semester guest speaker, Rob Steidle from?
Cencora
Two broad approaches/generic strategies companies use to create a competitive advantage.
What are low cost and differentiation?
When Kraft Foods Group and H.J. Heinz, two retail firms of relatively equal size in the United States, agreed to combine their assets, this was an example of what?
What is a merger or horizontal integration?
This company pursued both backward and forward vertical integration by producing its own films and shows while also launching its own streaming platform, reducing reliance on third-party distributors like Netflix.
What is Disney?
A combination of decisions, actions, and resource allocation that positions an organization in its industry or market. Sometimes they have college classes on this subject.
What is Business Strategy?
This eCommerce retail company is fully vertically integrated controlling its product sourcing, storage, website, delivery, and even original streaming content production.
What is Amazon?
This analysis model 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?
This electric vehicle company uses vertical integration by producing its own batteries, software, and even operating its own charging network.
What is Tesla?
An international strategy of thinking local, and acting global.
What is a transnational strategy?
DAILY DOUBLE 2X THE POINTS!
During class we created a large measurement map with post-it-notes, linking human capital investments to company strategic outcomes. This is the name of the measures that are not easily monetizable but can help predict future business outcomes.
What are leading indicators?
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 fast-food giant uses a transnational strategy by standardizing core menu items globally while adapting offerings like the McAloo Tikki in India and Teriyaki burgers in Japan.
What is McDonalds?