Term
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Definition
| A business strategy that includes social, economic, and environmental critera |
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| Operations and Supply Chain Strategy |
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Definition
| Setting Broad policies and plans for using the resources of a firm to best support the firm's long-term competitive strategy |
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| occurs when a firm seeks to match what a competitor is doing by adding new features, services, or technologies to existing activities. This often creates problems if certain trade-offs need to be made |
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Definition
| A dimension that differentiates the products or services of one firm from those of another |
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Definition
| a dimension used to screen a product or service as a candidate for purchase |
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Definition
| A diagram that shows how a company's strategy is delivered through a set of supporting activities |
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Definition
| Skills that differentiate a manufacturing or service firm from its competitors |
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Definition
| A measure of how well resources are used |
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Definition
| those individuals or companies that legally own one or more shares of stock in the company |
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Term
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Definition
| those individuals or organizations who are influenced, either directly or indirectly |
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Definition
| pertains to fair and beneficial business practices toward labor, the community, and the region in which a firm conducts is business |
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Definition
| the firm’s obligation to compensate shareholders who provide capital via competitive returns on investment |
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Definition
| the firm’s impact on the environment |
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Definition
| relates to the core business processes needed to run the business |
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Term
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Definition
| Develop/refine the strategy |
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Definition
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Term
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Definition
| Plan operations and supply |
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Term
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Definition
| output/labor, output/capital, output/materials, output/energy |
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Term
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Definition
| Output/(labor+capital+energy), output/(labor+capital+materials) |
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