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Week 2
Week 3
Week 4
Week 5
100
An organization skilled at creating, acquiring, and transferring knowledge and at modifying its behavior to reflect new knowledge and insights.
What is a Learning organization?
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
The choice of direction of the firm as a whole and the management of its business or product portfolio and concerns:
- Directional strategy: the firm’s overall orientation toward growth, stability, or retrenchment

- Portfolio analysis:industries or markets in which the firm competes through its products and business unites

- Parenting strategy: the manner in which management coordinates activities and transfers resources and cultivates capabilities among product lines and business units
What is Corporate Strategy?
100
The radical redesign of business processes to achieve major gains in cost, service, or time. Program to implement a turnaround strategy.
What is Reengineering?
100
MGT/498: Strategic Management
What is the title of this course?
200
Environmental scanning
Strategy formulation
Strategy implementation
Evaluation and control
What are the Basic Elements of Strategic Management?
200
A collection of competencies that cross divisional boundaries, is wide-spread throughout the corporation and is something the corporation does exceedingly well
What is Core Competency?
200
The planned eliminated of positions or jobs. Can damage the learning capacity of an organization.
What is Downsizing?
200
Unites all of a company’s major business activities within a single family of software modules providing instant access throughout the organization.
What is Enterprise Resource Planning (ERP)?
300
The integration and internationalization of markets and corporations.
What is Globalization?
300
A formal program of gathering information on a company’s competitors?
What is Competitive intelligence (business intelligence)?
300
Used when the firm has a weak competitive position in some or all of its product lines from poor performance.
What is Retrenchment Strategies?
300
Defining what actions are going to be taken, by whom, during what time frame, and with what expected results. Includes:

- Specific actions to be taken to make the program operational

- Dates to begin and end each action

- Person responsible for carrying out each action

- Person responsible for monitoring the timeliness and effectiveness of each action

- Expected financial and physical consequences of each action

- Contingency plans
What is an Action plan?
300
The continual process of measuring products, services and practices against the toughest competitors or those companies recognized as industry leaders.
What is Benchmarking?
400
Phase 1: Basic financial planning
Phase 2: Forecast-based planning
Phase 3: Externally oriented strategic planning
Phase 4: Strategic management
What are the Phases of Strategic Management?
400
A company’s method for making money in the current business environment includes:

- Who the company serves
- What the company provides
- How the company makes money
- How the company differentiates and sustains competitive advantage
- How the company provides its product/service
What are Business models?
400
A strategy that provides the ability to develop new products for existing markets and develop new products for new markets.
What is Product development strategy?
400
Describes how organizations grow, develop and decline. Stages include:

- Birth
- Growth
- Maturity
- Decline
- Death
What is Organizational Life Cycle?
400
Combines financial measures that tell results of actions already taken with operational measures on customer satisfaction, internal processes and the corporation’s innovation and improvement activities.
What is a Balanced score card?
500
A process by which strategies and policies are put into action through the development of programs, budgets, and procedures.
What is Strategy implementation?
500
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 marking a product or service, and ending with distributors getting the final goods into the hands of the ultimate consumer
What is a Value Chain?
500
Strategy that determines how and where a product or service is to be manufactured, the level of vertical integration in the production process, the deployment of physical resources and relationships with suppliers.
What is Operations Strategy?
500
The sum total of all activities and choices required for the execution of a strategic plan which includes:
- Who are the people to carry out the strategic plan?

- What must be done to align company operations in the intended direction?

- How is everyone going to work together to do what is needed?
What is Strategy implementation?
500
Ensures that a company is achieving what it set out to accomplish by comparing performance with desired results and taking corrective action as needed.
What is Evaluation and Control?