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Worksheetsstratma
Total questions: 42
Worksheet time: 42mins
includes all the decisions and actions set by the managers and provides a gauge on the performance of a particular organization
(a)
the step by step flow of activities towards the implementation of a strategies to achieve company goals
(a)
also called environmental scanning. it provides the information necessary to formulate the company's mission/vision
(a)
the development of company's strategy
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the development of of procedures, programs and activities to put strategies into practice
(a)
short term strategies that are associated with various operational departments of company such as human resource, finance, marketing and production
(a)
long term strategy that are involved in providing directions for the organization
(a)
the techniques in competing certain industry
(a)
the appraisal of the company's performance
(a)
the internationalization of markets and corporation
(a)
the world's top brands associated with quality, reasonable price and reflects manufacturer's social and environmental consciousness
(a)
the period of vast electronic transaction using internet
(a)
the ability of the company to be updated on what's on store in all facets of the business environment
(a)
proposes that a company adapts to changing environment by benchmarking and imitating sucessful environment
(a)
explains that an organization not only adapts but also tries to reshape its environment
(a)
ability of suppliers to control an organization by making their prices higher
(a)
ability of buyers to drive company's prices down
(a)
ability of each company to counter the strategies offered by its strongest competitor
(a)
the challenge offered by a company with similar features but at lower rates, and can substitute products or services of existing companies
(a)
the challenge offered by new companies that offer same products or services through product quality, uniqueness, added features, competitive pricing and the like
(a)
the art of gathering, analyzing, and distributing information coined as intelligence about anything that would help in competing the market
(a)
being able to understand competitors future prospects and goals
(a)
a small scale intelligence and operational in a short run
(a)
knowing how to defend company's secrets
(a)
a basic straightforward model in environmental scanning which helps the company in identifying four key elements: strength, weaknesses, opportunities and threats
(a)
the degree by which small number of companies dominate the market
(a)
refers to the degree by which company is able to distinguish its product or service to other players in the market as valued by consumers
(a)
refers to the difficulties and challenges experienced by potential new entrants
(a)
refers to the structure of the market where there are many small sellers with a low level of interaction to one another
(a)
refers to the structure of the market where there are few large sellers with a high level of interaction to one another Monopolistic-refers to the market with a single player
(a)
refer to the products that are highly similar or identical in features
(a)
products differentiated by design, quality, branding, etc.
(a)
refers to the point where there are no difficulties in entering the market
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refers to the point where there are barriers but not too difficult for sellers to monopolize the market specifically on pricing
(a)
refers to the point where barriers are too high that potential players cannot enter and present companies monopolize the prices
(a)
3 features of Market Structure
(a)
types of market structure
atomistic
oligopolistic
competition
monopoly
new entrants
three subtypes of market entry
(a)
Porter's five forces model
(a)
4 Strategic Management Process
(a)
2 organization environment
(a)
3 types of strategy formulation
(a)
