Show:
Basic Concepts
Corporate Goverance
Social Responsibilities and Ethics
Industry Scanning
Internal Scanning
100
The purpose or reason for the organization’s existence. It tells what the company is providing to society.
What is an organization’s mission?
100
This act was designed to protect shareholders from the excesses and failed oversight that characterized corporate failures.
What is Sarbanes-Oxley Act?
100
Those employees who report illegal or unethical behavior on the part of others.
Who are whistle-blowers?
100
The monitoring, evaluation, and dissemination of information from the external and internal environments to key people within the corporation.
What is environmental scanning?
100
Appropriate for a large corporation with many product lines in several unrelated industries.
What is a conglomerate structure?
200
Something that acts as a stimulus for a change in strategy.
What is a triggering event?
200
They provide change and movement in an organization by providing a vision for that change.
Who are transformational leaders?
200
The precepts of personal behavior based on religious or philosophical grounds.
What is morality?
200
The frequency, boldness, and aggressiveness of dynamic movement by the players accelerates to create a condition of constant disequilibrium and change. Market stability is threatened by short product life cycles, short product design cycles, new technologies, frequent entry by unexpected outsiders, repositioning by incumbents, and tactical redefinitions of market boundaries as diverse industries merge.
What is hypercompetition?
200
The rate at which a firm’s underlying resources, capabilities, or core competencies depreciate or become obsolete. New technology can make a company’s core competency obsolete or irrelevant.
What is durability?
300
Describes a company’s overall direction in terms of its general attitude toward growth and the management of its various businesses and product lines. Typically fits within the three main categories of stability, growth, and retrenchment.
What is corporate strategy?
300
States that problems arise in corporations because top management is not willing to bear responsibility for their decisions unless they own a substantial amount of stock in the corporation. It suggests that a majority of a board needs to be from outside the firm so that top management is prevented from acting selfishly to the detriment of the shareholders.
What is agency theory?
300
Proposes that decision makers be equitable, fair, and impartial in the distribution of costs and benefits to individuals and groups.
What is justice approach?
300
Industry in which companies tailor their products to the specific needs of consumers in a particular country.
What is multidomestic industries?
300
Spending on R&D as a percentage of sales revenue is a principal means of gaining market share in global competition
What is R&D intensity?
400
Usually occurs at the business unit or product level, and it emphasizes improvement of the competitive position of a corporation’s products or services in the specific industry or market segment served by that business unit. May fit within the two overall categories, competitive and cooperative strategies
What is business strategy?
400
The possible degree of involvement (from low to high) in the strategic management process. Can range from phantom with no real involvement to catalyst with a very high degree of involvement.
What is board of directors’ continuum?
400
Proposes that human beings have certain fundamental rights that should be respected in all decisions.
What is individual rights approach?
400
Where no firm has large market share, and each firm serves only a small piece of the total market in competition with others.
What is fragmented industry?
400
A linked set of value-creating activities that begin with basic raw materials coming from suppliers, moving on to a series of value-added activities involved in producing and marketing a product or service, and ending with distributors getting the final goods into the hands of the ultimate consumer.
What is value chain?
500
The approach taken by a functional area to achieve corporate and business unit objectives and strategies by maximizing resource productivity. It is concerned with developing and nurturing a distinctive competence to provide a company or business unit with a competitive advantage.
What is functional strategy?
500
Proposes that, because of their long tenure with the corporation, insiders (senior executives) tend to identify with the corporation and its success. Rather than use the firm for their own ends, these executives are thus most interested in guaranteeing the continued life and success of the corporation.
What is stewardship theory?
500
Proposes that actions and plans should be judged by their consequences. People should therefore behave in a way that will produce the greatest benefit to society and produce the least harm or the lowest cost.
What is utilitarian approach?
500
The scanning of Sociocultural, Technological, Economic, Ecological, and Political-legal environmental forces.
What is STEEP Analysis?
500
Knowledge that is not easily communicated because it is deeply rooted in employee experience or in a corporation’s culture.
What is tacit knowledge?