Term
| A good strategy consists of... |
|
Definition
| AFI framework: Analysis, formulation, implementation |
|
|
Term
|
Definition
| Diagnosis of the competitive advantage |
|
|
Term
|
Definition
| Guiding policy to address the competitive challenge |
|
|
Term
|
Definition
| Set of coherent actions to implement the firm's guiding policy |
|
|
Term
|
Definition
| Superior performance relative to other competitors in the same industry or the industry average |
|
|
Term
|
Definition
| Firm performance attributed to the industry structure in which a firm competes |
|
|
Term
|
Definition
| Firm performance attributed to the actions managers take |
|
|
Term
|
Definition
| Profound impact of a highly improbable and unexpected event |
|
|
Term
| Three important stakeholder attributes |
|
Definition
| Power, legitimacy, urgency |
|
|
Term
|
Definition
| Executives’ use of power and influence to direct assets in the pursuit of an organization’s goals |
|
|
Term
| Strategic management process |
|
Definition
| Process employed by strategic leaders to conceive and implement a strategy, which leads to sustainable competitive advantage |
|
|
Term
|
Definition
| the behaviors and styles of executives that influence others to achieve the organization’s vision and mission |
|
|
Term
|
Definition
| Framework that views organizational outcomes – strategic choices and performance levels – as reflections of top management values, who interpret situations through their unique perspective lens |
|
|
