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Strategic Management
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Strategic Management
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25 Questions

1. Financial - physical - and sometimes intangible properties an organization owns.

2. Involves applying specific premises to a given situation to develop certain predictions about or understanding of the situation.

3. Serve a purpose similar to short-term objectives but are completed in one to three years.

4. Research method in which certain factors(variables) are manipulated and the results are examined.

5. For an operations department - provide the yardstick by which the amount and quality of output are measured.

6. Process of conducting an intensive investigation of a corporation as one of the first steps in a pending merger or acquisition.

7. Measures the difference between what it costs to produce a product and the selling price.

8. To an operations department - the act of detailed planning; based upon incoming orders - order history and forecasts of future demand.

9. Number of members of an organizaion that have to be present before official business may be conducted.

10. Global network used to deliver products and services from raw materials to end customers through an engineered flow of information - physical distribution and cash.

11. Value that occurs most frequently in a set of data

12. Research in which researcher controls and manipulates elements of the research environment to measure the impact of each variable.

13. Organizational structure in which divisions are separated by product - customer or market or region

14. Process that surveys and interprets relevant data to identify external opportunities and threats.

15. Distance between highest and lowest scores in a set of data.

16. To an operations department - the ability to yield output.

17. Specifies what the company does - who its customers are - and the priorities it has set in pursuing its work.

18. Group of people born roughly between the years of 1965 and 1980.

19. Design of formal systems in an organization that ensure the effective and efficient use of human talent to accomplish organizational goals.

20. Specific point in a distribution of data that has a given percentage of cases below it.

21. Systematic tool for gathering - storing maintaining - retrieving - and revising HR data.

22. Form of budgeting that requires that expenditures be justified for each new period and in which budgets start at zero.

23. Specific - testable prediction that is derived from a theory and describes a relationship between two variables.

24. Analysis that shows point in time at which total revenue associated with a program is equal to the total cost of the program.

25. Organizational structure that combines departmentalization by division and function to gain the benefits of both.

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