Podcast
Questions and Answers
Strategic Withdrawal Exiting or retreating from a particular market, industry, or business segment. 181.Strategic Resource Allocation Assigning resources to activities and projects that align with an organization's ______.
Strategic Withdrawal Exiting or retreating from a particular market, industry, or business segment. 181.Strategic Resource Allocation Assigning resources to activities and projects that align with an organization's ______.
strategy
Strategy Formulation The process of developing a ______ that aligns with an organization's goals.A long-term advantage over competitors that is difficult to replicate.
Strategy Formulation The process of developing a ______ that aligns with an organization's goals.A long-term advantage over competitors that is difficult to replicate.
strategy
Synergy The combined and additional value generated by the integration of different ______ elements.
Synergy The combined and additional value generated by the integration of different ______ elements.
business
Tactical Planning Short-term planning that involves specific actions to implement the overall ______.
Tactical Planning Short-term planning that involves specific actions to implement the overall ______.
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Total Quality Management (TQM) A management philosophy focusing on continuous improvement to achieve customer ______.
Total Quality Management (TQM) A management philosophy focusing on continuous improvement to achieve customer ______.
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Strategic Thinking: A cognitive ______ that involves the generation and application of unique business insights.
Strategic Thinking: A cognitive ______ that involves the generation and application of unique business insights.
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Strategic Group Mapping: Visual ______ of the competitive positions of companies in an industry.
Strategic Group Mapping: Visual ______ of the competitive positions of companies in an industry.
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Strategic Factor Markets: The ______ where firms obtain inputs to develop and implement strategies.
Strategic Factor Markets: The ______ where firms obtain inputs to develop and implement strategies.
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Strategic Inflection Point: A ______ when an organization must change its strategy to succeed in the future.
Strategic Inflection Point: A ______ when an organization must change its strategy to succeed in the future.
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Strategic Initiative: A specific ______ or project designed to help achieve an organization's strategic goals.
Strategic Initiative: A specific ______ or project designed to help achieve an organization's strategic goals.
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Strategic Management Accounting: Using ______ information for strategic decision-making.
Strategic Management Accounting: Using ______ information for strategic decision-making.
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Strategic Group Mapping is a tool that visualizes the competitive positions of different companies in an ______.
Strategic Group Mapping is a tool that visualizes the competitive positions of different companies in an ______.
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Strategic Intent is a clear and challenging vision that guides an organization's ______.
Strategic Intent is a clear and challenging vision that guides an organization's ______.
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Strategic Issues Management involves identifying and addressing critical issues that may affect an organization's ______.
Strategic Issues Management involves identifying and addressing critical issues that may affect an organization's ______.
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Strategic Planning Model is a framework that outlines the key steps in the strategic ______ process.
Strategic Planning Model is a framework that outlines the key steps in the strategic ______ process.
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Strategic Leadership is the ability of leaders to effectively guide and influence an organization's ______.
Strategic Leadership is the ability of leaders to effectively guide and influence an organization's ______.
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Strategic Profile is the combination of an organization's strategy, structure, and competitive ______.
Strategic Profile is the combination of an organization's strategy, structure, and competitive ______.
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A long-term advantage over competitors that is difficult to replicate is known as ______.
A long-term advantage over competitors that is difficult to replicate is known as ______.
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Synergy is the combined and additional value generated by the integration of different business ______.
Synergy is the combined and additional value generated by the integration of different business ______.
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Short-term planning that involves specific actions to implement the overall strategy is known as ______ Planning.
Short-term planning that involves specific actions to implement the overall strategy is known as ______ Planning.
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Total Quality Management (TQM) is a management philosophy focusing on continuous improvement to achieve ______ satisfaction.
Total Quality Management (TQM) is a management philosophy focusing on continuous improvement to achieve ______ satisfaction.
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Vertical Integration involves owning and controlling different stages of the production or ______ process.
Vertical Integration involves owning and controlling different stages of the production or ______ process.
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A dedicated space where leaders and teams gather to focus on strategic planning and decision-making is called a ______ Room.
A dedicated space where leaders and teams gather to focus on strategic planning and decision-making is called a ______ Room.
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Strategic Thinking: The ability to see the big picture, identify trends, and make informed decisions. 120.__________ Options Alternatives an organization considers when making strategic decisions.
Strategic Thinking: The ability to see the big picture, identify trends, and make informed decisions. 120.__________ Options Alternatives an organization considers when making strategic decisions.
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Strategic Thrust: The primary focus or direction of an organization's ________.
Strategic Thrust: The primary focus or direction of an organization's ________.
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Strategic Vision: A compelling image of an organization's future that guides strategic ________.
Strategic Vision: A compelling image of an organization's future that guides strategic ________.
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Strategy Evaluation: Assessing the effectiveness of a strategy in achieving organizational ________.
Strategy Evaluation: Assessing the effectiveness of a strategy in achieving organizational ________.
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Strategy Map: A visual representation of an organization's strategy, linking ________ and initiatives.
Strategy Map: A visual representation of an organization's strategy, linking ________ and initiatives.
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Strategy Execution: The successful implementation of a chosen strategy to achieve organizational ________.
Strategy Execution: The successful implementation of a chosen strategy to achieve organizational ________.
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