cbmec chapter 1 Flashcards
it is the dynamic process that is full of commitment to ____ and _____ to deliver ____ to achieve result in terms of ____ and ____
strategic management
decisions and actions
to deliver strategic competencies
corporate profitability and growth
it is the result of internal and external analyses of the corporate environment for the formulation of the ____ and ____ plans directed to set ___ and ___
strategic competitiveness
strategy and action
goals and targets
are prerequisites to achieving the desired corporate _____ and _____
effective strategic actions
profit goals and above average return of investment
it is used to matche ever-changing market environment and the competitive structure of the business involving ____ and ____
strategic process
material and production
the century of uncertainties
world of business
result of strategic competitiveness of the managers, employees, and their organization
corporate achievement of successful firms
new century created primarily by the emergence of the global economy and the rapid technological changes in the production of ___ and ____
corporate competitiveness
goods and services
tactical strategies in the globalization of trade and business where centuries are geared towards the exchanges of more goods and services with less barriers.
new and innovative products
what are the two competitive advantage
industry-based model and resource based model
it refers to the analyses of the prevailing industry where the firms has its competitive advantages over the other firms in the environment
industry based model
it refers to prevailing resources available to the firm that are present in the internal environment which could then be utilized in the development of competitive advantage
resource based model
refer to the capabilities of the human resources that could be linked to the need of the present technological development as highly trained manpower could develop new products
resource based model
refer to the available material resources that are present in the environment which could be developed into new products that could be the sources to exports to the global market
resource based model
the business wargame could be won with the participation of _____ equipped with the knowledge of ____
executive generals
strategic management
an integrated management challenge as the top executive formulates policies and programs that will bring the company to its desired direction
strategy
scanning the present business scenario and is making amendments to operational programs
strategic adaptation
forecasting and planning strategies must be put in place with ____ of the business conditions
pertinent data analyses
true or false
companies should rely on their present successes
false, not rely as other companies would like to take over the laurels that they once had
true or false
visioning and foresight, together is not monopoly of one organization
true
hinges on the development of customer satisfaction and a well thought of strategy
corporate profitability
true or false
manimizing customer satisfaction and loyalty develops business leadership
false. maximizing
major concern of the managements organization to earn the desired profit
quality products and services
true or false
no companies can set on its laurels all the time. other firms are on their tails to get it.
true
true or false
companies ned to introduce new and innovative strategy consistent with the prevailing market condition
true
the advantage of the firm’s resources and core competencies to accomplish its goals in the competitive environment.
strategic vision
exist when all employees and its executives are committed to the pursuit of a specific performance criterion.
strategic vision and intent
provides the manpower resource with the commitment to remain the best in the industrial world and unseat the best in their ranks of competitors
strategic vision
flows from strategic vision and intent
strategic mission
statement of the firms’s direction in the pursuit of its operation in the production and marketing of its products and services
strategic mission
provides general description of the products and services that the firm offers to its various stakeholders based on its own competencies
strategic mission
necessary to cope with the ever-incresing competition as the old economies are not as effective as it before
new mindset
must be put in the drawing board ahead of time and make amendments as the new landscape develops in the business horizon
foward planning
combatant of giant corporations
business landscape in the century
is the field of hype-competition that results dynamic of strategic maneuvering of global and innovative combatants.
new century business
companies are aggressively challenging their competitors in the hope of improving their competitive advantage and product positioning
hyper-competitive market
result of the rapid change in technology
rapid hyper-competitive environment
result of the new borderless flow of goods, services, people, skills and ideas that are relatively unfettered by artificial constraints.
new global economic scenario
significantly expands across borders and complicates the corporate competitivenessq
global economy
used to be hub of economic development with its billions in foreign investments and market leadership
us and japan
the borderless flow of goods, services, knowledge and ideas and financial capital for investment is the effect of ____
marching orders for globalization
has the view that the flow of capital may buy natural resources of the one country to be developed into new finished products
globalization
may be put in infrastructure development and the use of new machinery and technology
flow of capital
true or false
continuous improvement is static as firms companies seek operational innovations and new marketing strategies
false, not static
rallying point to stay in business is
exceeding the capabilities in the global standards
foundation of good workers
skills development
true or false
global market is dominated by big players alone
false, not dominated
could be the next giant in the global market if given the right boost and incentives
small players
is the byword of advancing companies for supremacy especially in the electronic
perpetual innovation
innovation, even covered by patent, could be copied within ____ month period
3
plays a great role in the marketing of products or services
internet age
the ability to respond various demands and opportunities existing in the dynamic and uncertain competitive environment
strategic flexibility
development of flexibility in all areas of operation to development and production
strategic competitiveness
provides the company with new and up to date sets knowledge and skills
continuous learning
product of innovativeness
continuous learning
injection of new ideas and knowledge in products or marketing strategies
innovativeness
two important ingredients that will gennerate increase in return on investment and gradually expand to markets and products
expertise and market concentration
the process of seeing in the whole scenario of business operation in terms of general business
environmental scanning
either backward integration or forward expansion
horizontal expansion
processing of material inputs that are sourced outside firm’s operation
backward integration
taking over marketing of the products that were produced and used to be channeled to distributors and dealers
forward expansion
