ORGANIZATIONS QUESTIONS AND ANSWERS. Buy Quality Materials!
Core capabilities
the resources, processes, and knowledge or other distinctive competencies that
organizations possess and use to attain their goals
Core values
states what the organization values and believes to be valid
Decision-making
fundamentally making a choice or selecting between alternatives
External stakeholders
individuals, groups, and teams outside the organization
Goals
the results an organization is trying to achieve
Internal stakeholders
employees, teams, and departments/units within an organization
Long-term goals
goals that an organization hopes to achieve in over a year up to several years
Mission statement
communicates the organizational purpose
Policy
a guideline or rule for organizational actions or behaviors
Procedure
set of specific activities or steps to implement a policy
Satisficing
the concept of coming to a decision that is 'good enough' based on the information,
time, and cognitive ability of decision-making processes
Short-term goals
goals an organization hopes to achieve in less than a year
Stakeholders
individuals, teams, groups, or organizations that are integral to accomplishing an
organization's goals
Strategy
a set of related decisions that help an organization achieve its goals and ultimately
provide a competitive advantage
SWOT analysis
a tool that organizations use to assess their internal Strengths and Weaknesses, as well
as the Opportunities and Threats they face in their external environment
Vision statement
communicates an organization's aspirations
Planning
process of defining the organization's goals, establishing an overall strategy for
achieving those goals, and developing a comprehensive set of plans to integrate and
coordinate activities