What are the steps in the strategy-making process
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a. Access need for strategic change
b. Conduct situational analysis
c. Choose strategic alternatives
,Companies often choose a ____ strategy when their external environment doesn't
change much or after they have struggled with periods of explosive growth.
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stability
ps) the stability strategy allows the firm an opportunity to catch its breath
after a round of explosive growth, and/or to consolidate its market position
with customers
Which of the sources of resistance to change?
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-Individual Barriers: include fear of the unknown, economic uncertainty,
threats to social relationships, habit, and failure to recognize the need for
change.
-Organizational Barriers: structural inertia, work group inertia, threats to
existing balance of power, previously unsuccessful change efforts, and the
composition of the board of directors.
What is strategic alliances globalization?
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, i. When companies combine key resources, costs, risks, technology, and
people. Most common form is joint ventures. <-When two existing
companies collaborate to form a third company
1. Advantages
a. companies avoid trade barriers
b. companies only bear part of the costs
c. partners can learn from each other
2. Disadvantage
a. Disadvantages
b. Profits have to be shared
c. merging of cultures
What are the benefits of planning?
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intensified effort, persistence, direction, and creation of task strategies
what is the rules and regulations standing plan?
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specify what must happen or not happen
The purpose of a ____ strategy is to turn around very poor company performance by
shrinking the size or scope of the business.
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, retrenchment
what is a defender adaptive strategy?
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seek moderate, steady growth by offering a limited range of products and
services to a well-defined set of customers. In other words, defenders
aggressively "defend" their current strategic position by doing the best job
they can to hold on to customers in a particular market segment
When doing an analysis of strategic groups to assess external environmental threats
and opportunities, ____ firms are firms that use related but somewhat different
strategies than ____ firms.
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secondary; core
what is a quotas trade barrier?
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are specific limits on the number or volume of imported products
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a. Access need for strategic change
b. Conduct situational analysis
c. Choose strategic alternatives
,Companies often choose a ____ strategy when their external environment doesn't
change much or after they have struggled with periods of explosive growth.
Give this one a try later!
stability
ps) the stability strategy allows the firm an opportunity to catch its breath
after a round of explosive growth, and/or to consolidate its market position
with customers
Which of the sources of resistance to change?
Give this one a try later!
-Individual Barriers: include fear of the unknown, economic uncertainty,
threats to social relationships, habit, and failure to recognize the need for
change.
-Organizational Barriers: structural inertia, work group inertia, threats to
existing balance of power, previously unsuccessful change efforts, and the
composition of the board of directors.
What is strategic alliances globalization?
Give this one a try later!
, i. When companies combine key resources, costs, risks, technology, and
people. Most common form is joint ventures. <-When two existing
companies collaborate to form a third company
1. Advantages
a. companies avoid trade barriers
b. companies only bear part of the costs
c. partners can learn from each other
2. Disadvantage
a. Disadvantages
b. Profits have to be shared
c. merging of cultures
What are the benefits of planning?
Give this one a try later!
intensified effort, persistence, direction, and creation of task strategies
what is the rules and regulations standing plan?
Give this one a try later!
specify what must happen or not happen
The purpose of a ____ strategy is to turn around very poor company performance by
shrinking the size or scope of the business.
Give this one a try later!
, retrenchment
what is a defender adaptive strategy?
Give this one a try later!
seek moderate, steady growth by offering a limited range of products and
services to a well-defined set of customers. In other words, defenders
aggressively "defend" their current strategic position by doing the best job
they can to hold on to customers in a particular market segment
When doing an analysis of strategic groups to assess external environmental threats
and opportunities, ____ firms are firms that use related but somewhat different
strategies than ____ firms.
Give this one a try later!
secondary; core
what is a quotas trade barrier?
Give this one a try later!
are specific limits on the number or volume of imported products
