Strategic Management - Prelim Exam

Specifies the businesses in which the film intends to compete and the customers it intends to serve.

• Mission

• Vision

• Stakeholders

• Strategic Leaders

People who are affected by a firm's performance and who have claims on its performance

• Stakeholders

• Capital Market Stakeholders

• Product Market Stakeholders

• Organizational Stakeholders

These are people located in different areas and levels of the firm using the strategic management process to select strategic actions that help the firm achieve its vision and fulfill its mission

• Capital Market Stakeholders

• Product Market Stakeholders

• Organizational Stakeholders

• Strategic Leaders

It refers to the complex set of ideologies, symbols, and core values that are shared throughout the firm and that influence how the firm conducts business.

• Mission

• Vision

• Organizational Culture

• Organizational Staeholders

These are inputs into a firm's production process, such as capital equipment, the skills of individual employees, patents, finances, and talented managers.

• Capability

• Core Competencies

• Resources

• External Environment

The external environment is composed of? (select all that applies)

• General Environment

• Attractive Environment

• Competitor Environment

• Industry Environment

Is a set of capabilities used to respond to various demands and opportunities existing in a dynamic and uncertain competitive environment

Technologies that destroy the value of an existing technology and create new markets

Is one in which goods, services, people, skills and ideas move freely across geographic borders.

It is a picture of what the firm wants to be and, in broad terms, what it wants to ultimately achieve