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gaskalga > cbmec chapter 1 > Flashcards

cbmec chapter 1 Flashcards

1
Q

it is the dynamic process that is full of commitment to ____ and _____ to deliver ____ to achieve result in terms of ____ and ____

A

strategic management
decisions and actions
to deliver strategic competencies
corporate profitability and growth

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2
Q

it is the result of internal and external analyses of the corporate environment for the formulation of the ____ and ____ plans directed to set ___ and ___

A

strategic competitiveness
strategy and action
goals and targets

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3
Q

are prerequisites to achieving the desired corporate _____ and _____

A

effective strategic actions
profit goals and above average return of investment

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4
Q

it is used to matche ever-changing market environment and the competitive structure of the business involving ____ and ____

A

strategic process
material and production

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5
Q

the century of uncertainties

A

world of business

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6
Q

result of strategic competitiveness of the managers, employees, and their organization

A

corporate achievement of successful firms

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7
Q

new century created primarily by the emergence of the global economy and the rapid technological changes in the production of ___ and ____

A

corporate competitiveness
goods and services

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8
Q

tactical strategies in the globalization of trade and business where centuries are geared towards the exchanges of more goods and services with less barriers.

A

new and innovative products

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9
Q

what are the two competitive advantage

A

industry-based model and resource based model

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10
Q

it refers to the analyses of the prevailing industry where the firms has its competitive advantages over the other firms in the environment

A

industry based model

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11
Q

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

A

resource based model

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12
Q

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

A

resource based model

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13
Q

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

A

resource based model

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14
Q

the business wargame could be won with the participation of _____ equipped with the knowledge of ____

A

executive generals
strategic management

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15
Q

an integrated management challenge as the top executive formulates policies and programs that will bring the company to its desired direction

A

strategy

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16
Q

scanning the present business scenario and is making amendments to operational programs

A

strategic adaptation

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17
Q

forecasting and planning strategies must be put in place with ____ of the business conditions

A

pertinent data analyses

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18
Q

true or false
companies should rely on their present successes

A

false, not rely as other companies would like to take over the laurels that they once had

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19
Q

true or false
visioning and foresight, together is not monopoly of one organization

A

true

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20
Q

hinges on the development of customer satisfaction and a well thought of strategy

A

corporate profitability

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21
Q

true or false
manimizing customer satisfaction and loyalty develops business leadership

A

false. maximizing

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22
Q

major concern of the managements organization to earn the desired profit

A

quality products and services

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23
Q

true or false
no companies can set on its laurels all the time. other firms are on their tails to get it.

A

true

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24
Q

true or false
companies ned to introduce new and innovative strategy consistent with the prevailing market condition

A

true

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25
Q

the advantage of the firm’s resources and core competencies to accomplish its goals in the competitive environment.

A

strategic vision

26
Q

exist when all employees and its executives are committed to the pursuit of a specific performance criterion.

A

strategic vision and intent

27
Q

provides the manpower resource with the commitment to remain the best in the industrial world and unseat the best in their ranks of competitors

A

strategic vision

28
Q

flows from strategic vision and intent

A

strategic mission

29
Q

statement of the firms’s direction in the pursuit of its operation in the production and marketing of its products and services

A

strategic mission

30
Q

provides general description of the products and services that the firm offers to its various stakeholders based on its own competencies

A

strategic mission

31
Q

necessary to cope with the ever-incresing competition as the old economies are not as effective as it before

A

new mindset

32
Q

must be put in the drawing board ahead of time and make amendments as the new landscape develops in the business horizon

A

foward planning

33
Q

combatant of giant corporations

A

business landscape in the century

34
Q

is the field of hype-competition that results dynamic of strategic maneuvering of global and innovative combatants.

A

new century business

35
Q

companies are aggressively challenging their competitors in the hope of improving their competitive advantage and product positioning

A

hyper-competitive market

36
Q

result of the rapid change in technology

A

rapid hyper-competitive environment

37
Q

result of the new borderless flow of goods, services, people, skills and ideas that are relatively unfettered by artificial constraints.

A

new global economic scenario

38
Q

significantly expands across borders and complicates the corporate competitivenessq

A

global economy

39
Q

used to be hub of economic development with its billions in foreign investments and market leadership

A

us and japan

40
Q

the borderless flow of goods, services, knowledge and ideas and financial capital for investment is the effect of ____

A

marching orders for globalization

41
Q

has the view that the flow of capital may buy natural resources of the one country to be developed into new finished products

A

globalization

42
Q

may be put in infrastructure development and the use of new machinery and technology

A

flow of capital

43
Q

true or false
continuous improvement is static as firms companies seek operational innovations and new marketing strategies

A

false, not static

44
Q

rallying point to stay in business is

A

exceeding the capabilities in the global standards

45
Q

foundation of good workers

A

skills development

46
Q

true or false
global market is dominated by big players alone

A

false, not dominated

47
Q

could be the next giant in the global market if given the right boost and incentives

A

small players

48
Q

is the byword of advancing companies for supremacy especially in the electronic

A

perpetual innovation

49
Q

innovation, even covered by patent, could be copied within ____ month period

A

3

50
Q

plays a great role in the marketing of products or services

A

internet age

51
Q

the ability to respond various demands and opportunities existing in the dynamic and uncertain competitive environment

A

strategic flexibility

52
Q

development of flexibility in all areas of operation to development and production

A

strategic competitiveness

53
Q

provides the company with new and up to date sets knowledge and skills

A

continuous learning

54
Q

product of innovativeness

A

continuous learning

55
Q

injection of new ideas and knowledge in products or marketing strategies

A

innovativeness

56
Q

two important ingredients that will gennerate increase in return on investment and gradually expand to markets and products

A

expertise and market concentration

57
Q

the process of seeing in the whole scenario of business operation in terms of general business

A

environmental scanning

58
Q

either backward integration or forward expansion

A

horizontal expansion

58
Q

processing of material inputs that are sourced outside firm’s operation

A

backward integration

59
Q

taking over marketing of the products that were produced and used to be channeled to distributors and dealers

A

forward expansion

gaskalga (10 decks)

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