Strategic definitions
is the process of defining an organization’s long-term goals and determining the best strategies and actions to achieve them
What is Strategic Planning
this tool is used to assess Internal opportunities and threats
What is SWOT
what is the name of a strategy that targets a narrow market segment effectively
What is a focused strategy
Corporate-level strategy primarily addresses:
How to manage multiple businesses or markets
How many years has Professor Foley been teaching at BJTU?
10
this defines the organization’s purpose and primary objectives and where the organization wants to be in the future
What is a Vision Statement
Daily Double : Which strategic tool maps a company’s products or services against market growth and market share?
What is the The BCG (Boston Consulting Group) Matrix.
: A specific, measurable goal that supports the achievement of a broader strategic aim.
What is a Strategic Objective
credited with developing the concept of Generic Strategies (cost leadership, differentiation, and focus)?
Who is Michael Porter
In the BCG Matrix, a product with high market growth and high market share is known as a:
What is a STAR
this defines the organization’s purpose, core values, and overall reason for existence.
What is a Mission Statement
A condition or circumstance that allows a company to perform better than its rivals, often through unique resources or capabilities.
What is Competitive Advantage
This Strategy focuses on offering unique products or services that customers perceive as superior?
What is Differentiation strategy.
A company that acquires a competitor in the same industry is engaging in:
What is horizontal Integration
A performance management tool linking strategy to objectives and measures
What is the Balanced scorecard
what do you call the ability to monitor and analyze external factors that may affect the organization’s future performance.
What is enviornmental scanning
The Pestel Fraemework exaines what type of enviornment
What is External
A unique capability that provides a competitive advantage and is central to a company’s success.
What is core competency
what is the strategy to compete successfully within a particular market or industry
What is a business level strategy
A firm that aims to offer unique products that customers perceive as superior is pursuing which strategy?
What is differentiation
The process of putting formulated strategies into action through resource allocation, structure, and management systems.
What is strategy implementation
Company Cultue is an example of
an internal factor
what do you call the ability to monitor and analyze external factors that may affect the organization’s future performance.
What is environmental scanning
What are the 5 Pillars of Michael Porters 5 Forces
What is a Rivarlry. barriers to entry, customer power, supplier power, ease of entry
Semi-autonomous divisions within an organization that have their own strategy and performance targets.
What are strategic business units ( SBU's)