SOM CHAPTER 6

64 cards

I Am Making These Notecards For My Syracuse University School Of Management Class. I Really Dont Want To Take This Test And I Have A Lot To Do!


 
  
Created Oct 3, 2012
by
ramsox13

 

 
Table View
 
Download
 
Print

Flashcard Set Preview

  Side A   Side B
1
Resources
 
the assets, capabilities, processes, employee time, information, and knowledge that an organization...
2
Competitive advantage
 
providing greater value for customers than competitors can.
 
(iTunes store-endless...
3
sustainable competitive advantage
 
a competitive advantage that other companies have tried unsuccessfully to duplicate and have...
4
Valuable resources
 
a resource that allows companies to improve efficiency and effectiveness.
 
(Sony...
5
rare resource
 
a resource that is not controlled or possessed by many competing firms.
 
(iPod...
6
imperfectly imitable resources
 
a resource that is impossible or extremely costly or difficult for other firms to duplicate.
7
Non-substitutable resources
 
a resource that produces value or competitive advantage and has no equivalent substitutes or...
8
Competitive inertia
 
a reluctance to change strategies or competitive practices that have been successful in the...
9
shadow strategy task force
 
a committee within a company that analyzes the company’s own weaknesses to determine...
10
Strategic dissonance
 
a discrepancy between a company’s intended strategy and the strategic actions managers...
11
situational (SWOT) analysis
 
an assessment of the strengths and weaknesses in an organizations internal environment and...
12
distinctive competence
 
what a company can make do or perform better than its competitors
 
(Honda...
13
core capabilities
 
the internal decision making routines, problem solving processes and organizational cultures...
14
strategic group
 
a group of companies within an industry against which top managers compare, evaluate, and benchmark...
15
core firms
 
the central companies in a strategic group

(the more important group that firms...
16
secondary firms
 
the firms in a strategic group that follow strategies related to but somewhat different from...
17
strategic reference points
 
the strategic targets managers use to measure whether a firm had developed the core competencies...
18
corporate level strategy
 
the overall organizational strategy that addresses the question “what business or businesses...
19
diversification
 
a strategy for reducing risk by buying a variety of items (stocks or in the case of a corporation...
20
Portfolio strategy
 
a corporate level strategy that minimizes risk by diversifying investment among various businesses...
21
acquisition
 
the purchase of a company by another compa
22
unrelated diversification
 
creating or acquiring companies in completely unrelated businesses
23
BCG matrix
 
a portfolio strategy developed by the Boston Consulting Group, that categorized a corporations...
24
Stars
 
a company with a large share of a fast growing market
25
Question mark
 
a company with a small share of a fast growing market (risky)
 
26
Cash cow
 
a company with a large share of a slow growing market. (highly profitable)
27
Dog
 
a company with a small share of a slow growing market (not often profitable)
28
Related diversification
 
creating or acquiring companies that share similar products, manufacturing, marketing, technology,...
29
grand strategy
 
a broad corporate level strategic plan used to achieve strategic goals and guide the strategic...
30
growth strategy
 
a strategy that focuses on increasing profits revenues market share or the number of places...
31
stability strategy
 
a strategy that focuses on improving the way in which the company sells the same products or...
32
retrenchment strategy
 
a strategy that focuses on turning around very poor company performance by shrinking the size...
33
recovery
 
-the strategic actions taken after retrenchment to return to a growth strategy
34
industry level strategy
 
a corporate strategy that addresses the question “how should we compete in this industry?”
35
character of the rivalry-
 
a measure of the intensity of competitive behavior between companies in an industry.
36
Threat of new entrants
 
a measure of the degree to which barriers to entry make it easy or difficult for new companies...
37
Threat of substitute products or services
 
a measure of the ease with which customers can find substitutes for an industry’s products...
38
Bargaining power of suppliers
 
a measure of the influence that suppliers of parts, materials, and services to firms in an...
39
Bargaining power of buyers
 
a measure of the influence that customers have on a firms prices
40
Bargaining power of buyers
 
a measure of the influence that customers have on a firms prices
41
Bargaining power of buyers
 
a measure of the influence that customers have on a firms prices
42
Cost leadership
 
the positioning strategy of producing a product or service of acceptable quality at consistently...
43
Differentiation
 
the positioning strategy of providing a product or service that is sufficiently different from...
44
Focus strategy
 
the positioning strategy of using cost leadership or differentiation to produce a specialized...
45
Defenders
 
companies using an adaptive strategy aimed at defending strategic positions by seeking moderate,...
46
prospectors
 
companies using an adaptive strategy that seeks fast growth by searching for new market opportunities,...
47
Analyzers-
 
companies using an adaptive strategy that seeks to minimize risk and maximize profits by following...
48
Reactors
 
companies that do not follow a consistent adaptive strategy, but instead react to changes in...
49
firm level strategy
 
a corporate strategy that addresses the question “how should we compete against a particular...
50
direct competition
 
the rivalry between two companies that offer similar products and services, acknowledge each...
51
market commonality
 
the degree to which two companies have overlapping products, services, or customers in multiple...
52
Resource similarity
 
the extent to which a competitor has similar amounts and kinds of resources.
53
Attack
 
a competitive move designed to reduce a rival’s market share or profits.
 
54
Response
 
a competitive countermove, prompted by a rival’s attack to defend or improve a company’s...
55
Significant cost reductions, layoffs of employees, closing of poorly performing stores, offices,...
 
retrenchment
56
When Coca-Cola acquired a water-treatment and bottling plant so it could produce and market...
 
external growth...NOT INTERNAL
57
____ is the measure of the intensity of competitive behavior between companies in an industry.
 
character of rivalry
58
Companies that succeed are often constantly re-examining strategies or competitive practices...
 
false
59
From a competitive standpoint, ____ means that the strategic actions your company takes can...
 
resource similarity
60
In an attempt to stop declining profitability, ICI, a British chemical company, deleted petrochemical...
 
recovery
61
When doing an analysis of strategic groups to assess external environmental threats and opportunities,...
 
secondary; core
62
There are four conditions that must be met if a firm's resources are to be used to achieve...
 
true
63
The Rolling Stones are the most successful act in the music industry largely because they run...
 
sustainable competitive advantage
64
An industry-level strategy that is best suited to changes in the organization's external...
 
adaptive...NOT GROWTH


Upgrade and get a lot more done!
Upgrade    Cancel