Classmate Trivia
This classmate works for FedEx.
Who is JJ?
A company's reason for existing is called this.
What is a mission statement?
This framework analyzes political, economic, social, technological, environmental, and legal factors.
What is PESTEL analysis?
Offering unique products or services is this strategy.
What is differentiation?
This concept refers to how tasks are assigned and grouped together with formal reporting relationships.
What is organizational structure?
This classmate works at an Amazon factory.
Who is Tullulah?
This outlines what a company wants to become in the future.
What is a vision statement?
This model looks at competition within an industry.
What is Porter’s Five Forces?
Competing by being the lowest-cost producer is this strategy.
What is cost leadership?
This structure doesn't rely on formal systems of division of labor because one person performs all the tasks that the organization needs to accomplish.
What is simple structure?
This classmate just got promoted at the YMCA.
Who is Adriane?
This type of goal-setting framework ensures objectives are Specific, Measurable, Attainable, Relevant, and Time-bound.
This technique is used to understand a company's situation by considering its strengths, weaknesses, opportunities, and threats that exist in the company's environment.
What is the SWOT Analysis?
Expanding into new industries is called this.
What is diversification?
This structure is arranged by having employees divided into departments that each handle activities related to an area of business.
What is functional structure?
This classmate is on the track and field team at UCCS.
Who is Kseniya?
This type of plan maps out where a company is headed, sets qualitative and quantitative targets, and outlines the competitive moves to achieve results.
What is a strategic plan?
This concept refers to product, price, place, and promotion that companies use to offer customers a coherent and persuasive message.
What is the marketing mix?
This advantage refers to the benefits a company gains by being the first to enter a new market.
What is first-mover advantage?
This structure is arranged where employees are divided into departments based on product areas or geographic regions.
What is multidivisional structure?
This classmate went to a rave for the first time this semester.
Who is Niomi?
This type of indicator predicts future results and helps organizations take action before outcomes occur.
What is a leading indicator?
A strategy that involves a buyer entering the industry that it purchases goods or services from.
What is backward vertical integration?
This strategy focuses on creating a new, untapped market rather than competing with rivals in an existing market.
What is a blue ocean strategy?
This structure arrangement relies on cross-functional teams that each work on a different project.
What is matrix structure?