Podcast
Questions and Answers
Acquisition- purchase of a company Strategy Formulation - strategic/ long-range planning; developing objectives Integration- managing the culture of an acquired firm; give and take Transaction Economies- proposes vertical integration Power Distance- society accept an unequal distribution TOWS- external opportunities and threats Strategic Window- unique market opportunity; available for a particular time Stars- BCG Matrix ; peak of the product life cycle Horizontal Strategy- views a corp in terms of resources; corporate strategy Organizational Life Cycle- organizational equivalent of Product life in Marketing Offshoring- The outsourcing of an activity or function to a provider in another country. ______- Strategies sometimes followed by managers who have made a poor analysis or lack creativity. Enterprise Risk Management (ERM) is a corporatewide, integrated process for managing the uncertainties that could negatively or positively influence the achievement of the corporation’s objectives benchmarking is “the continual process of measuring products, services, and practices against the toughest competitors or those companies recognized as industry leaders.” Performance is the end result of activity. Shareholder value can be defined as the present value of the anticipated future stream of cash flows from the business plus the value of the company if liquidated.
Acquisition- purchase of a company Strategy Formulation - strategic/ long-range planning; developing objectives Integration- managing the culture of an acquired firm; give and take Transaction Economies- proposes vertical integration Power Distance- society accept an unequal distribution TOWS- external opportunities and threats Strategic Window- unique market opportunity; available for a particular time Stars- BCG Matrix ; peak of the product life cycle Horizontal Strategy- views a corp in terms of resources; corporate strategy Organizational Life Cycle- organizational equivalent of Product life in Marketing Offshoring- The outsourcing of an activity or function to a provider in another country. ______- Strategies sometimes followed by managers who have made a poor analysis or lack creativity. Enterprise Risk Management (ERM) is a corporatewide, integrated process for managing the uncertainties that could negatively or positively influence the achievement of the corporation’s objectives benchmarking is “the continual process of measuring products, services, and practices against the toughest competitors or those companies recognized as industry leaders.” Performance is the end result of activity. Shareholder value can be defined as the present value of the anticipated future stream of cash flows from the business plus the value of the company if liquidated.
Strategies to avoid
______- The continual process of measuring products, services, and practices against the toughest competitors or those companies recognized as industry leaders.
______- The continual process of measuring products, services, and practices against the toughest competitors or those companies recognized as industry leaders.
benchmarking
Performance is the end result of ______.
Performance is the end result of ______.
activity
______- The outsourcing of an activity or function to a provider in another country.
______- The outsourcing of an activity or function to a provider in another country.
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Enterprise Risk Management (ERM) is a corporatewide, integrated process for managing the uncertainties that could negatively or positively influence the achievement of the corporation’s objectives ______.
Enterprise Risk Management (ERM) is a corporatewide, integrated process for managing the uncertainties that could negatively or positively influence the achievement of the corporation’s objectives ______.
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Shareholder value can be defined as the present value of the anticipated future stream of cash flows from the business plus the value of the company if ______.
Shareholder value can be defined as the present value of the anticipated future stream of cash flows from the business plus the value of the company if ______.
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Study Notes
Acquisition and Strategy Formulation
- Acquisition refers to the purchase of a company, often aimed at growth or market expansion.
- Strategy formulation involves strategic or long-range planning, aimed at developing clear objectives for the organization's direction.
Integration and Transaction Economies
- Integration focuses on managing the culture and operations of an acquired firm, ensuring alignment between the acquiring and acquired entities.
- Transaction economies propose the benefits of vertical integration, where firms control supply chains to reduce costs and increase efficiency.
Power Distance and TOWS
- Power distance is the acceptance of unequal distribution of power within a society, influencing organizational hierarchies.
- TOWS analysis identifies external opportunities and threats, aiding in strategic decision-making and adaptation.
Strategic Window and BCG Matrix
- A strategic window highlights unique market opportunities available for a limited time, crucial for timely decision-making.
- In the BCG Matrix, "Stars" represent products at the peak of their life cycle, showing high growth and market share.
Horizontal Strategy and Organizational Life Cycle
- A horizontal strategy views a corporation in terms of its resources, complementing its corporate strategy for resource allocation.
- The organizational life cycle parallels the product life cycle in marketing, encompassing stages from startup to decline.
Offshoring and Enterprise Risk Management (ERM)
- Offshoring involves outsourcing activities or functions to a provider in another country, often for cost efficiency or expertise.
- Enterprise Risk Management (ERM) is a corporate-wide, integrated approach to managing uncertainties that could influence the achievement of corporate objectives.
Benchmarking and Performance
- Benchmarking is the continuous process of comparing products, services, and practices against leading competitors to drive improvement.
- Performance is defined as the end result of activities, reflecting the effectiveness of strategies and operations in achieving goals.
Shareholder Value
- Shareholder value is quantified as the present value of anticipated future cash flows from the business, combined with the company's liquidation value if sold.
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Description
Test your knowledge of business acquisition and strategy formulation with this quiz. Explore concepts such as integration, transaction economies, power distance, TOWS analysis, and strategic window. Sharpen your understanding of these key business terms and concepts in this quiz.
