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| 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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| A target or end that management desires to reach. |
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| The actions or means managers intend to use to achieve organizational goals. |
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| A narrative that describes a particular set of future conditions. |
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| A set of procedures for making decisions about the organization's long-term goals and strategies. |
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| Major targets or end results relating to the organization's long-term survival, and growth. |
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| A pattern of actions and resource allocations designed to achieve the organization's goals. |
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| 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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| The process of identifying the specific procedures and processes required at lower levels of the organization. |
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| A process that involves managers from all parts of the organization in the formulation and implementation or strategic goals and strategies. |
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| An organization's basic purpose and scope of operations. |
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| The long-term direction and strategic intent of a company. |
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| Groups and individuals who affect and are affected by the achievement of the organization's mission, goals, and strategies. |
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| Inputs to a system that can enhance performance |
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| A unique skill and/or knowledge an organization possess that gives it an edge over competitors. |
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| A comparison of strengths, weaknesses, opportunities, and threats that helps executives formulate strategy. |
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| The set of businesses, markets or industries in which an organization competes and the distribution of resources among those entities. |
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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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Definition
| The acquisition or development of new businesses that produce parts or components of the organization's product. |
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Term
| 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 or activities. |
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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 an organization uses to build competitive advantage by being efficient and offering a standard, no-frills product. |
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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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| A system designed to support managers in evaluating the organizations progress regarding its strategy and, when discrepancies exist, taking corrective action. |
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Term
| North American Free Trade Agreement (NAFTA) |
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Definition
| A economic pact that combined the economies of United States, Canada, and Mexico into one of the World's largest trading blocs. |
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Definition
| Contracting with an outside provider to produce one or more of an organization's goods or services. |
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| Moving work to other countries. |
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Definition
| An organizational model that is composed or a company's overseas subsidiaries and characterized by greater control by the parent company over the research function and local product and marketing strategies than is the case in the multinational model. |
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Definition
| An organizational model that consists of the subsidiaries in each country in which a company does business, with ultimate control exercised by the parent company. |
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Definition
| An organizational model consisting of a company's overseas subsidiaries and characterized by centralized decision making and tight control by the parent company over most aspects of worldwide operations; typically adopted by organizations that base their global competitive strategy on cost considerations. |
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Definition
| An organizational model characterized by centralizing certain functions in locations that best achieve cost economies; basing other functions in the company's national subsidiaries to facilitate greater local responsiveness and fostering communication among subsidiaries to permit transfer to technological expertise and skills. |
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Definition
| Parent-company nationals who are sent to work at a foreign subsidiary. |
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| Natives of the country where an overseas subsidiary is located. |
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| Natives of a country other than the home country or the host country of an overseas subsidiary. |
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| The number of expatriate managers of an overseas operation who come home early. |
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| The tendency to judge others by the standards of one's group or culture, which are seen as superior. |
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| The disorientation and stress associated with being in a foreign environment. |
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| A foreign national brought in to work at the parent company. |
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