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Management 2nd Test
N/A
41
Management
Undergraduate 1
11/12/2012

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Term
B2B business strategy
Definition
uses IT and web portals to link organizations vertically in supply chain
Term
B2C Business strategy
Definition
use IT and Web portals to link business to customers
Term
Business Strategy
Definition
Term
Chapter 11 Bankruptcy
Definition
protects an insolvent firms from creditors during a period of reorganization to restore profitability
Term
competitive advantage
Definition
is an ability to outperform rivals
Term
concentration
Definition
Growth that expands within an existing area
Term
co-operation
Definition
is the strategy of working with rivals on projects of mutual benefits
Term
corporate strategy
Definition
sets long-term direction for the total enterprise
Term
crowdsourcing
Definition
is strategically use of the internet to engage customer and potential customers in providing opinions and suggestions on products and their designs
Term
diversification
Definition
Growth that expands through entering related or new business areas
Term
divestiture
Definition
involves selling off part of the organization to refocus attention to core business areas
Term
downsizing
Definition
decrease the size of operations
Term
E-business strategy
Definition
strategically use the internet to gain competitive advantage
Term
Functional Strategy
Definition
strategies that guides activities within one specific area of operations
Term
Globalization Strategy
Definition
adopts standardized products and advertising for use worldwide
Term
Liquidation
Definition
when a business closes and sell its assets to pay creditors
Term
Restructuring
Definition
reduces the scale or mix of operations
Term
Retrenchment Strategy
Definition
changes operational to correct weakness
Term
Social Media Strategy
Definition
uses social media to better engage with an organization's customers clients , and external audiences in gerneral
Term
Strategic intent
Definition
focus organizational energies on achieving a compelling goal
Term
Strategy
Definition
is a comprehensive plan guiding resource allocation to achieve long-term organization goals
Term
Sustainable competitive advantage
Definition
is achieved in ways that are difficult to imitate
Term
Transnational Firm
Definition
tries to operate globally without having a strong national identity
Term
Vertical integration
Definition
Growth through acquiring suppliers or distributors
Term
BCG Matrix
Definition
analyzes business opportunities according to market growth rate and market share
Term
Core Competencies
Definition
a special strength that gives an organization competitive advantage
Term
Cost leadership strategy
Definition
seeks to operate with lower costs than competitors
Term
Differentiation Strategy
Definition
offering products that are unique and different from those of the competitors
Term
Focused Cost Leadership Strategy
Definition
seeks the lowest costs of operations with in special market segment
Term
Focused differentiation Strategy
Definition
offering a unique product to a speical market segment
Term
Mission
Definition
the organization's reason for existence in society
Term
Operating objectives
Definition
are specific results that organizations try to accomplish
Term
Strategic control
Definition
makes sure strategies are well implemented and that poor strategies are scrapped or changed
Term
Strategic leadership
Definition
inspiring people to implement organizational strategies
Term
Strategic management
Definition
is the process of formulating and implementing strategies
Term
Strategic formulation
Definition
is the process of creating strategies
Term
Strategy implementation
Definition
is the process of putting strategies into action
Term
SWOT Analysis
Definition
examines organizational strengths and weakness, as well as opportunities and threats
Term
growth strategy
Definition
strategy involves expansion of the organization's current operations
Term
strategic alliance
Definition
organizations joins together in partnership to pursue an area of mutual interest
Term
3rd questions of Barclay
Definition
While there is much focus on the European debt crisis, regulations, such as the Volcker rule and Basel III, is another important development. The decision to limit what investment banks can do is intended to avoid reckless gambles that would plunge the US economy back into recession. With proprietary trading eliminated, investment banks are less effetive in raising capital. In addition, banks are required to hold onto more equity, which surpresses profit from loans and other investment. However, these changes also signals the start of new products, new ways to manage risk in investment banks and exciting new challenges for Barclays Capital to overcome.
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