A LABEL THAT DESCRIBES FAST GROWING, DEVELOPING ECONOMIES SINCE THE 1990S
STRATEGIC MANAGEMENT
A WAY OF MANAGING THE FIRM FROM A STRATEGIC, "BIG PICTURE" PERSPECTIVE
"STRATEGY AS A PLAN"
STRATEGIES HELP ORGANIZATIONS ACCOMPLISH GOALS
"STRATEGY AS AN ACTION"
A FIRM'S STRATEGY IS REFLECTED BY ITS PATTERN OF ACTIONS
STRATEGY
A FIRM'S THEORY OF HOW TO COMPETE SUCCESSFULLY
INTENDED STRATEGY
WHAT YOU PLAN WILL HAPPEN
EMERGING STRATEGY
WHAT ACTUALLY OCCURS
GLOBAL STRATEGY
(1) THE STRATEGY OF FIRM'S AROUND THE GLOBE(2) A PARTICULAR FORM OF INTERNATIONAL STRATEGY, CHARACTERIZED BY THE PRODUCTION & DISTRIBUTION OF STANDARDIZED PRODUCTS & SERVICES ON A WORLDWIDE BASIS
GLOBALIZATION
THE CLOSE INTEGRATION OF COUNTRIES & PEOPLES OF THE WORLD
SEMIGLOBALIZATION
A PERSPECTIVE THAT STATES THAT BARRIERS TO A MARKET INTEGRATION MAY BE HIGH BUT NOT HIGH ENOUGH TO ISOLATE COUNTRIES FROM EACH OTHER
INDUSTRY
A GROUP OF FIRMS PRODUCING PRODUCTS SIMILAR TO ONE ANOTHER
THE 5 FORCE FRAMEWORK
RIVALRY AGAINST COMPETITORS, BARGAINING POWER OF BUYERS, BARGAINING POWER OF SUPPLIERS, THREAT OF POTENTIAL NEW ENTRANTS, & THREAT OF SUBSITUTE PRODUCTS
SCALE-BASED ADVANTAGES
ADVANTAGES DERIVED FROM ECONOMIES OF SCALE
ECONOMIES OF SCALE
THE ABILITY TO LOWER YOUR UNIT COSTS BY PRODUCING MORE