MANA 4322 Ch. 1
Romantic view - answer Leader is the key force in organization's success
External control perspective - answer Focus is on external factors that may affect an
organization's success
Strategic management - answer Analyses, decisions, and actions an organization
undertakes in order to create and sustain competitive advantages
Stakeholders - answer those individuals, groups, and organizations who have a "stake"
in the success of the organization, including owners (shareholders in a publicly held
corporation), employees, customers, suppliers, the community at large
Ambidexterity - answer The challenge managers face of both aligning resources to take
advantage of existing product
markets as well
as proactively
exploring new
opportunities
Intended strategy - answer Decisions are determined only by analysis
Realized strategy - answerDecisions are determined by both analysis and unforeseen
environmental developments, unanticipated resource constraints, and/or changes in
managerial preferences
Corporate governance - answerThe relationship among various participants in
determining the direction and performance of corporations
--Shareholders, management, board of directors
Board of Directors - answerElected representatives of the owners
Zero sum view - answer-Stakeholders compete for attention and resources of the
organization
-Gain of one is a loss to the other
-Rooted in the traditional conflict between workers and management
Stakeholder symbiosis view - answerStakeholders are dependent upon each other for
their success and well-being
-Mutual benefits
Romantic view - answer Leader is the key force in organization's success
External control perspective - answer Focus is on external factors that may affect an
organization's success
Strategic management - answer Analyses, decisions, and actions an organization
undertakes in order to create and sustain competitive advantages
Stakeholders - answer those individuals, groups, and organizations who have a "stake"
in the success of the organization, including owners (shareholders in a publicly held
corporation), employees, customers, suppliers, the community at large
Ambidexterity - answer The challenge managers face of both aligning resources to take
advantage of existing product
markets as well
as proactively
exploring new
opportunities
Intended strategy - answer Decisions are determined only by analysis
Realized strategy - answerDecisions are determined by both analysis and unforeseen
environmental developments, unanticipated resource constraints, and/or changes in
managerial preferences
Corporate governance - answerThe relationship among various participants in
determining the direction and performance of corporations
--Shareholders, management, board of directors
Board of Directors - answerElected representatives of the owners
Zero sum view - answer-Stakeholders compete for attention and resources of the
organization
-Gain of one is a loss to the other
-Rooted in the traditional conflict between workers and management
Stakeholder symbiosis view - answerStakeholders are dependent upon each other for
their success and well-being
-Mutual benefits
