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an elected group of individuals that represent stakeholders.
- responsible for representing the firms' owners by monitoring the top-level
manager's strategic decisions.
example of the measurable goal
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- reaching to the moon: simple and clear measurability.
,80/20
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- 80 percents of you and the company putting the effort to support the
team, firm.
The cost of entry test
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do the costs of entering the NEW business outweigh the benefits.
Political Risk
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potential for government upheaval or interference with business to harm an
operation within a country.
Multi-domestic strategy
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it's appropriate when there are diverse market conditions.
,waste management
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reduce waste.
Environmental Scanning
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Analyze opportunities, threats or constraints that exist in the outside
environment.
- Analyze the internal weaknesses and strength.
- Example: SWOT
energy optimization
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reduce the consumption.
Strategy, structure and rivalry
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US has an overall trade deficit, yet it enjoys a trade surplus within a service
sector.
- fierce domestic competition in the industries such as hotels or restaurants
, has helped make American firms such as Marriott and Subway important
players on the world stage.
community
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improve the quality of life through industry-community partnerships.
categories of planet
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waste management: reduce waste.
- manage recycling efforts.
- energy optimization.
- transportation optimization.
- technology update.
- air quality.
- sustainable produce design.
Strength of Multidomestic Strategy
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- Multiple approaches.