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Business Strategy
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Business Strategy
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25 Questions

1. Processes and activities used to formulate HR objectives - practices - and policies.

2. A value creating strategy that primary increases perceived value by increasing attractiveness of product

3. It refers to relocation of processes or functions from a home country to another country and it appeals to organization for cost saving.

4. Value - Exploit - Rare - Imitate - Substitute

5. 1 Capacity 2 Standards 3 Scheduling 4 Inventory 5 Control

6. Sell more in existing markets - or enter new markets

7. 1 Planning 2 Organizing 3 Directing 4 Controlling

8. Comparing similar functional firms in your industry

9. 1 SWOT analysis and environmental scanning 2 Long term objectives 3 Strategies to achieve these objectives are defined

10. The decisions made and the direction provided for managing multiple business units under a single corporate umbrella.

11. The choices made through the 4 Ps : Product - Price - Place and Promotion are what makes a product or service unique. This is distinctive blend of marketing decision.

12. Acquisition of a company that operates in the same industry using the same value chain.

13. Cost savings accomplished by operating combined companies more efficiently.

14. 1 Work Specialization 2 Departmentalization 3 Chain of Command 4 Centralization and Decentralization 5 Formalization

15. New ideas should not be dismissed simply because they originated at a grassroots level. Business innovations developed under these circumstances will create new objectives or modify existing ones and create an overlay of new direction compared to wha

16. It is based on numeric data that is analyzed with statistic method. 1 Descriptive Statistic 2 Inferential Statistic

17. 1 Charts and graphs 2 Measures of central tendency 3 Measures of variation 4 Measures of association

18. Business remain separate entities but may appear to outsiders as one entity. Commonly formed through the use of outsourcing.

19. Is concerned with the ways in which an organization exeeds its minimum obligations to stakeholders specified through regulation.

20. 1 Introduction 2 Growth 3 Maturity 4 Decline

21. Is concerned with the structures and systems of control by which managers are held accountable to those who have a legitimate stake an organization.

22. It describes an organizational challenge and possible alternative solutions - presenting evidence in support of a proposed solution. They are effective way to compete for limited resources.

23. It uses data already gathered by others and reported in various sources.

24. 1 Preparation 2 Due Diligence 3 Planning integration of the business entities 4 Implementation - monitoring and measurement

25. 1. a graph demonstrating the different positions a firm can adopt in creating value 2. compares value and differentiation (Y) versus high cost to low cost (x)

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