Easy Round: Eureka Moments

A strategy in which organization seeks to distinguish itself from competitors through the quality of its product or services.

• Overall Cost Leardership

• Focus Strategy

• Single Product Strategy

• Differentiation Strategy

It promotes a superior alignment between the organization & its environment and the achievement of strategic goals

• Strategy

• Effective Strategy

• Strategy Formulation

• Strategic Environment

A strategy to which an organization operate in several business that are somehow link with one another.

• Related Diversification

• Single-product Strategy

• Managing Diversification

• Scope

Comprehensive plan for accomplishing an organization's goals

• Mission

• Strategic Goal

• Strategy

• BCG(Boston Consulting Group) Matrix

A plan that focuses on carrying out tactical plans to achieve operational goals.

• Plan

• Strategic Plan

• Tactical Plan

• Operational Plan

A type of budget that indicates where the organization expects to get its cash for the coming time period and how it plans to use it.

• Operating Budget

• Non-monetary Budget

• Financial Budget

• Developing Budgets

It entails collaborative efforts of people to accomplish common objectives.

• Empowerment

• Teamwork

• The Role of Training

• Building Relationships

These are the basic requirements that includes food, clothing and shelter without these humans cannot survive.

• Needs

• Satisfaction

• Wants

• Affection

These are the step ahead of needs and largely dependent on the needs of humans themselves.

• Needs

• Satisfaction

• Wants

• Affection

These managers are also known as operational managers, lower-level managers who supervise the operations of the organization.

• Top-Level Managers

• Middle-Level Managers

• Backline Managers

• Frontline Managers