FINALS

Standards on how a business will achieve set goals

Statement of "what do we want to become?"

Stage 1: Creating mission statement and other documents for the organization

Placing policies within the workplace and using incentives to encourage employees

Evaluating whether or not a certain policy works within an organization

A strategy where a business tries to take control of its supplier

Selling a division or part of an organization

A strategy that involves gaining ownership or increased control over distributors or retailers, such as a manufacturer opening its own chain

Acquiring a rival firm

Selling all of a company’s assets, in parts, for their tangible worth

Introducing present products or services into new geographic areas

Increasing market share for present products or services in present markets through greater marketing efforts

Increased sales by improving or modifying present products or services

When a firm acquires a new business whose value chain possesses competitively valuable cross-business strategic fits

When an organization regroups through cost and asset reduction to reverse declining sales and profits

When a firm acquires a new business whose value chains are so dissimilar that no competitively valuable cross-business relationships exist

The set of shared values, beliefs, attitudes, customs, norms, personalities, heroes, and heroines that describe a firm. Strategists should s

A method for reducing conflict through such actions as ignoring the problem in hopes that the conflict will resolve itself

A disagreement between two or more parties on one or more issues

A method for reducing conflict exemplified by exchanging members of conflicting parties so that each can gain appreciation of other’s view

A method for reducing conflict that includes playing down differences between conflicting parties

With a divisional structure, functional activities are performed both centrally and in each separate division

A type of organizational design that groups tasks and activities by business function, such as production/operations

This type of organizational design places functional activities along the top row and divisional projects/units along the left side

This type of organizational design groups similar divisions together into units; widely used when a firm has many divisions/segments