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Business Strategy
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Business Strategy
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25 Questions

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

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

3. 1. information systems 2. logistics 3. HR

4. They are often based on industry best practice.

5. Is part of an organization for which there is a distinct external market for goods or services that is different from another SBU

6. When a corporation enters a new business in a different industry from that in which it currently operates and does not expect to achieve any value chain synergies through the combination.

7. A strategy by which an organization takes increased share of its existing markets with its existing product range.

8. They represent milestones that must be achieved in order to reach the long term objectives. They are usually within 6 months to a year.

9. 1 Short term objective 2 Action plan to achieve these objective 3 Allocating resources 4 Motivating employees to manage the plan.

10. The types of decisions made and direction created for a single business

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. 1 Introduction 2 Growth 3 Maturity 4 Decline

13. Independent & entrepreneurial - adopts a more flexible approach to their international operations - More sensitive & responsive to local environment

14. It can be defined as principles of conduct within an organization that guide decision making and behavior.

15. 1. improve bidding success 2. identify competitors key customers 3. identify expansion plans 4. improve understanding of competitors

16. Economic - legal resp. - ethical - and discretionary

17. Information systems with a charter to achieve competitive superiority.

18. A corporation that owns a large number of businesses that are different sizes and operate in different industry sectors.

19. Ensuring that everything is carried out according to the plan. Eg: Measuring recruiting efforts and effectiveness.

20. The benefits that develop through the extension and application of corporate resources to a newly acquired company.

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

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

23. Comparing 1 operation in the firm with another

24. 1 Age 2 Gender 3 Generational Difference 4 Geographic shifts in population 5 Ethnicity 6 Unskilled Labor 7 Non traditional labor force

25. 1 Charts and graphs 2 Measures of central tendency 3 Measures of variation 4 Measures of association

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