Strategic Management
Give this one a try later!
An integrative management field that combines analysis, formulation, and
implementation in the quest for competitive advantage
Scenario Planning
Give this one a try later!
Strategy planning activity in which top management envisions different
what-if scenarios to anticipate plausible futures in order to derive strategic
responses
,Economies of Scale
Give this one a try later!
Decreases in cost per unit as output increases
Strategic Commitments
Give this one a try later!
Firm actions that are costly, long-term oriented, and difficult to reverse
Competitive Parity
Give this one a try later!
Performance of two or more firms at the same level
Balanced Scorecard
Give this one a try later!
Strategy implementation tool that harnesses multiple internal and external
performance metrics in order to balance financial and strategic goals
,Realized Strategy
Give this one a try later!
Combination of intended and emergent strategy
Resource-Allocation Process (RAP)
Give this one a try later!
The way a firm allocates its resources based on a predetermined policies,
which can be critical in shaping its realized strategy
Value Curve
Give this one a try later!
Horizontal connection of the points of each value on the strategy canvas
that helps strategists diagnose and determine courses of action
Stakeholder Strategy
Give this one a try later!
, An integrative approach to managing a diverse set of stakeholders
effectively in order to gain and sustain competitive advantage
Threat of Entry
Give this one a try later!
The risk that potential competitors will enter an industry
Patent
Give this one a try later!
A form of intellectual property that gives the inventor exclusive rights to
benefit from commercializing a technology for a specified time period in
exchange for public disclosure of the underlying idea
Strategy Formulation
Give this one a try later!
The part of the strategic management process that concerns the choice of
strategy in terms of where and how to compete
Differentiation Strategy
Give this one a try later!
An integrative management field that combines analysis, formulation, and
implementation in the quest for competitive advantage
Scenario Planning
Give this one a try later!
Strategy planning activity in which top management envisions different
what-if scenarios to anticipate plausible futures in order to derive strategic
responses
,Economies of Scale
Give this one a try later!
Decreases in cost per unit as output increases
Strategic Commitments
Give this one a try later!
Firm actions that are costly, long-term oriented, and difficult to reverse
Competitive Parity
Give this one a try later!
Performance of two or more firms at the same level
Balanced Scorecard
Give this one a try later!
Strategy implementation tool that harnesses multiple internal and external
performance metrics in order to balance financial and strategic goals
,Realized Strategy
Give this one a try later!
Combination of intended and emergent strategy
Resource-Allocation Process (RAP)
Give this one a try later!
The way a firm allocates its resources based on a predetermined policies,
which can be critical in shaping its realized strategy
Value Curve
Give this one a try later!
Horizontal connection of the points of each value on the strategy canvas
that helps strategists diagnose and determine courses of action
Stakeholder Strategy
Give this one a try later!
, An integrative approach to managing a diverse set of stakeholders
effectively in order to gain and sustain competitive advantage
Threat of Entry
Give this one a try later!
The risk that potential competitors will enter an industry
Patent
Give this one a try later!
A form of intellectual property that gives the inventor exclusive rights to
benefit from commercializing a technology for a specified time period in
exchange for public disclosure of the underlying idea
Strategy Formulation
Give this one a try later!
The part of the strategic management process that concerns the choice of
strategy in terms of where and how to compete
Differentiation Strategy
