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GBA 490 BUSINESS STRATEGY
Guidance Systems value added
20
Business
Undergraduate 4
02/02/2011

Additional Business Flashcards

 


 

Cards

Term
MISSION/VALUE/VISION
Definition
THREE KEY GUIDANCE SYSTEMS
1.m_______
2.v_______
3.v_______
Term
leadership
Definition
MISSION/VALUES/VISION REQUIRES
L________
Term
THEY SUCK
Definition
WHAT IS THE MAIN CHARACTERISTIC OF MOST MISSION STATEMENTS
Term
COWARDS
COMPROMISES
SURVIVE
THRIVE
IMMEASUREABLE
Definition
WHY?
THREE REASONS:
FIRST, THEY ARE CONSTRUCTED BY C_______—HENCE, THEY BECOME C__________ THAT AIM TO PLEASE EVERYONE AND SATISFY NO ONE!!
SECOND,THEY STRESS WHAT AN ORGANIZATION MUST DO TO S_______ RATHER THAN WHAT IT NEEDS TO DO TO T_____!!
THIRD, THEY ARE FILLED WITH PIOUS PLATITUDES THAT MEAN NOTHING AND ARE I_________:
“We strive for excellence in all of our endeavors.”
Term
1.DISAGREE
2.METRICS
3. Different
4.RELEVANCE
5. EXCITED INSPIRED
Definition
FIVE MEASURES OF A GREAT MISSION STATEMENT
1. YOU CAN D_______ WITH IT REASONABLY
2. YOU CAN DERIVE M____ THAT MEASURE YOUR PROGRESS TOWARD THE MISSION
3. YOU CAN SEE HOW THIS COMPANY IS D________ FROM OTHER COMPANIES IN THE SAME INDUSTRY.
4. YOU CAN SEE R________ TO ALL OF THE FIRM’S STAKEHOLDERS
5. YOU ARE E______ AND I_____ BY WHAT IT WANTS YOU TO DO
Term
head
Definition
Values
“The fish stinks from the _____.”
Term
CORE VALUES
CORE VALUES
INSIDE
Definition
C___ ______ = TIMELESS INTERNAL GUIDING PRINCIPLES
C___ V_____ HAVE INTRINSIC VALUE AND IMPORTANCE TO THOSE I______ THE ORGANIZATION
Term
Religions
Declaration of Independence
Scientific Community
Definition
PUBLIC EXAMPLES OF CORE IDEOLOGY

R_________
D________ __ ________
S_________ Community
Term
RIGHT
Definition
THERE IS NO ONE ____ CORE VALUE FOR EVERY COMPANY.
KEY = FIND AND HAVE THEM
Term
TENETS
Definition
CORE VALUES ARE A COMPANY’S ESSENTIAL T_____
Term
PENALIZED
Definition
EXERCISE TO FIND CORE VALUES
LIST ONE TO THREE CORE VALUES
ASK: IF CIRCUMSTANCES CHANGED AND P________ US FOR HOLDING THIS CORE VALUE, WOULD WE KEEP IT?
Term
CORE PURPOSE
NORTH STAR
Definition
C___ _______ = THE COMPANY’S REASON FOR BEING
PURPOSE = THE COMPANY’S N_____ ____
PURPOSE = WHY THE COMPANY SHOULD LAST FOR AT LEAST 100 YEARS
Term
profit
enough
Definition
THE VISION MUST BE PURPOSEFUL
Making a ______ is not ______!!!
“When the game goes beyond profit to a greater purpose, workers are valued for their ability to create profit and serve others!”
Term
CORE VALUES
CORE PURPOSE
IDEOLOGY
TIME
Definition
C____ _____ + C___ ________ = CORE I______
CORE IDEOLOGY = THE GLUE THAT HOLDS THE ORGANIZATION TOGETHER THROUGH T___
Term
CHANGE MARKETS
Definition
A COMPANY SHOULD NOT CHANGE ITS CORE VALUES IN RESPONSE TO MARKET CHANGES; RATHER, IT SHOULD ______ ________
Term
COMMITMENT
Definition
But Values and Purpose Are Not Enough. What else must you have?
C__________
Term
Owners
Employees
Definition
Commitment
_______—need to spend more time explaining the greater purpose of the work and less time teaching people how to perform their jobs
__________—must buy into the vision rather than being required to subscribe to it.
Term
1. Core Ideology
2. Envisioned Future
Definition
A WELL-CONCEIVED VISION CONSISTS OF TWO MAJOR COMPONENTS
1. Core I________
2. Envisioned F______
Term
1. 10 to 30
2.VIVID DESCRIPTIONS
Definition
ENVISIONED FUTURE
TWO PARTS:
1. A __ TO __-YEAR AUDACIOUS GOAL
2. V____ ________ OF WHAT IT WILL BE LIKE TO ACHIEVE THAT GOAL
Term
TANGIBLE
Definition
VIVID DESCRIPTION = A SPECIFIC, VIVID DESCRIPTION OF WHAT IT WILL BE LIKE TO ACHIEVE THE BDHAG
THE DESCRIPTION IS NECESSARY TO MAKE THE BDHAG T______ IN PEOPLE'S MINDS
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