Determines the objectives and means of achieving those objectives.
What is Planning Phase?
100
A company's long-term plan for using its resources-physical and human.
What is Organizational Strategy?
100
This is the profit-making activities of the business.
What is operating processes/activities?
100
This process/activity involves the purchase and sale of long-term assets.
What is the investing process/activities?
100
A collection of activities that takes one or more kinds of input and creates an output that is of value to the customer.
What is Business Process?
200
Just do it!
What is Performing Phase?
200
An environment where products and customers are established, the competition is known and cost control is a primary concern.
What is a certain environment?
200
The process makes products available for sale.
What is the Conversion Process?
200
Purchasing a new building
What is the investing process?
200
A strategy that focuses primarily on the reduction or containment of costs, improvements in productivity, and penetration of products/services in the market by having the lowest cost.
What is the efficiency strategy?
300
Accounting information plays a key role in internal control by recording impact of accounting events on the company.
What is Performing Phase?
300
This organizational structure has activities and people arranged in cross-functional teams and decision making is decentralized.
What is the organic organizational structure?
300
This process generates revenue, products and services are sold.
What is the MS process...marketing, sales, collection, customer service process
300
The processes/activities involving obtaining and repaying cash and other capital resources.
What is Financing processes/activities?
300
The profit making activities of a business enterprise.
What is operating processes/activities?
400
Provides information to internal and external users about the company's performance.
What is Evaluating Phase?
400
This environment is characterized as one having rapidly changing products and/or customers, with incoming and outgoing competitors making creativity a primary concern.
What is an uncertain environment?
400
This process acquires resources and generates the expenses.
What is P...purchasing, human resources, payment process?
400
A stockholder contributes money to the company.
What is capital resources, financing?
400
A strategy in which a company strives to adapt to changing market conditions by developing new products, services, markets, and technologies.
What is Flexibility strategy?
500
This stage includes strategic and operational.
What is Planning Phase?
500
This organizational structure has activities and people arranged by function (department) with control maintained at the top of the hierarchy. Decision making tends to be centralized.
What is a mechanistic organizational structure?
500
This process is unique to manufacturing businesses.
What is the Conversion Process?
500
A new factory building is purchased.
What is Capital Resources, investing?
500
A performance measure and management process that translates a company's strategy into measurable objectives.