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Definition
| The major actions by which a business competes in a particular industry or market. |
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| A strategy employed for an organization that operates a single business and competes in a single industry. |
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| concentric diversification |
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Definition
| A strategy used to add new businesses that produce related products or are involved in related markets and activities. |
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| conglomerate diversification |
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Definition
| A strategy used to add new businesses that produce unrelated products or are involved in unrelated markets and activities. |
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Definition
| A unique skill and/or knowledge an organization possesses that gives it an edge over competitors. |
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Definition
| The set of businesses, markets, or industries in which an organization competes and the distribution of resources among those entities. |
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Definition
| The set of businesses, markets, or industries in which an organization competes and the distribution of resources among those entities. |
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Definition
| A strategy an organization uses to build competitive advantage by being unique in its industry or market segment along one or more dimensions. |
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Definition
| Strategies implemented by each functional area of the organization to support the organization’s business strategy. |
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Definition
| A target or end that management desires to reach. |
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Definition
| A strategy an organization uses to build competitive advantage by being efficient and offering a standard, no-frills product. |
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Definition
| An organization’s basic purpose and scope of operations. |
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Definition
| The process of identifying the specific procedures and processes required at lower levels of the organization. |
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Definition
| The actions or means managers intend to use to achieve organizational goals. |
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Definition
| Inputs to a system that can enhance performance. |
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Term
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Definition
| A narrative that describes a particular set of future conditions. |
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Term
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Definition
| A process planners use, within time and resource constraints, to gather, interpret, and summarize all information relevant to the planning issue under consideration. |
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Definition
| Groups and individuals who affect and are affected by the achievement of the organization’s mission, goals, and strategies. |
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Definition
| A system designed to support managers in evaluating the organization’s progress regarding its strategy and, when discrepancies exist, taking corrective action. |
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Definition
| Major targets or end results relating to the organization’s long-term survival, value, and growth. |
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Definition
| A process that involves managers from all parts of the organization in the formulation and implementation of strategic goals and strategies. |
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Term
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Definition
| A set of procedures for making decisions about the organization’s long-term goals and strategies. |
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Definition
| The long-term direction and strategic intent of a company. |
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Definition
| A pattern of actions and resource allocations designed to achieve the organization’s goals. |
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Definition
| A comparison of strengths, weaknesses, opportunities, and threats that helps executives formulate strategy. |
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Definition
| A set of procedures for translating broad strategic goals and plans into specific goals and plans that are relevant to a distinct portion of the organization, such as a functional area like marketing. |
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Definition
| The acquisition or development of new businesses that produce parts or components of the organization’s product. |
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