Management Chapter 5
Bench Marking - correct answer-The search for the best practices among competitors or non
competitors that lead to their superior performance
Capabilities - correct answer-An organizations skills and abilities in doing the work activities
needed in its business
Commitment Concept - correct answer-The idea that plans should extend far enough to
meet those commitments made when the plans were developed
Competitive Intelligence - correct answer-A type of environmental scanning that gives
managers accurate information about competitors
Competitive Strategy - correct answer-An organizational strategy for how an organization will
compere in its business
Core Competencies - correct answer-The major value-creating capabilities of an
organization
Corporate Strategy - correct answer-An organizational strategy that specifies what business
a company is in or wants to be in and what it wants to d with those businesses
Cost Leadership Strategy - correct answer-When an organization competes on the basis of
having the lowest cost in the industry
Differentiation Strategy - correct answer-When an organization competes on the basis of
having unique products that are widely valued by customers
Directional Plans - correct answer-Plans that are flexible and set general guidelines
Environmental Scanning - correct answer-An analysis of the external environment, which
involves screening large amounts of information to detect emerging trends
Focus Strategy - correct answer-When and organization competes in a narrow segment or
niche with either a cost focus or a differentiation focus
Formal Planning Department - correct answer-A group of planning specialists whose sole
responsibilities is to help write the various organizational plans
Functional Strategy - correct answer-Strategy used in an organization's various functional
departments to support the competitive strategy
Goals (Objectives) - correct answer-Desired Outcomes or Targets
Los beneficios de comprar resúmenes en Stuvia estan en línea:
Garantiza la calidad de los comentarios
Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!
Compra fácil y rápido
Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.
Enfócate en lo más importante
Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable.
Así llegas a la conclusión rapidamente!
Preguntas frecuentes
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
100% de satisfacción garantizada: ¿Cómo funciona?
Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Hkane. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for $7.99. You're not tied to anything after your purchase.
