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a cost advantage created when a company can produce a good/service at
a lower price per unit due to producing it in large quantities
Why is the period after a goal is reached critical?
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To avoid complacency and to keep the organization moving
myopic
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lacking foresight or scope, a short view of the problem
availability bias
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occurs when more readily available information is incorrectly assessed to
also be more likely
Non-realized strategy
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The parts of the intended strategy that are abandoned
Greenmail
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An unfriendly company forces a target company to repurchase a large
block of stock at a premium to thwart a takeover attempt
Four components of the Balance Scorecard
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1 Customers perspective
2 Internal perspectives
3 Innovation and learning
4 Financial perspectives
Designed to better predict/achieve long run financial performance
Ideologies
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An organizations values
What does the book suggest a CEO do when his or her reputation takes a hit?
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Be honest
Market Based Measures
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More in touch with the things management is doing to prepare for
tomorrow