Planning
a document that outlines a proposed firm’s goals, the strategy for achieving them, and the standards for measuring success
What is: a business plan
Three levels of strategy
What is: Corporate, Business, Functional
Concept that the ability of managers to be rational is limited by constraints.
What is: Bounded rationality
Explicitly stated values and norms preferred by an organization.
What is: Espoused Values
A situational analysis of Target moving to Stillwater
A statement that expresses what the company stands for, its core priorities, the values its employees embody, and what its products contribute to the world
What is: a values statement
A framework for analyzing a resource or capability to determine its competitive strategic potential.
What is: VRIO (Value, Rarity, Imitability, and Organization)
Seeking alternatives until finding one that is satisfactory.
What is: Satisficing.
A way for managers to understand, measure, and change organizational culture.
What is: Competing Values Framework (CVF)
Guest Speaker Deslatte spoke about this corporate strategy of expansion (expanding number of hospitals, services offered, etc.).
What is: Growth Strategy
Goals set by district managers to be achieved over the next 6 to 24 months
What is: Tactical or Operational Goals
Step 2 in the strategic management Process.
What is: Current Reality Assessment or Assessing the Current Reality
A review of recent decisions in order to identify possible future improvements.
What is: Project post-mortem
An organization with an internal focus and values flexibility versus stability and control.
What is: Clan culture
Examples at OSU are Pistol Pete, Orange, Bullet, "Pistols Firing," and "O-S-U!"
What is: artifacts
The three levels of planning
What is: strategic, tactical, and operational
Corporate level strategy which involves little or no significant change.
What is: Stability Strategy
The extent to which a person focuses on either task and technical concerns or people and social concerns.
What is: Value Orientation
A team-based design used to improve collaboration by breaking down internal boundaries.
What is: Horizontal Design
Vizzini: Australia is entirely peopled with criminals.
What is: Representative Bias
Five characteristics of a good goal
What is: Specific, Measurable, Attainable, Results-Oriented, Target Dates
Monitoring the execution of strategy and taking corrective action, if necessary.
What is: Strategic Control
Top reason for CEO departures among America's largest companies.
What is: Unethical Behavior
A major feature of an organization that unifies employees or members.
What is: Common Purpose
OSU's Organizational Structure
What is: Functional Structure