Chapter 9 powerpoint pt. 1 Flashcards
“________”, is the greek work for strategy, and means the art of the general.
strategos
where did we get the term strategic management from?
the greek work “strategos”
strategic management is about the management of _________ to attain the _____ in its entirety
resources
goal
________ __________ is about the management of resources to attain the goal in its entirety
strategic management
in administration, at the concepts of strategy and tactics involve the selection of __________, ________, and ________ to achieve efficiency and effectiveness
philosophies
policies
practices
in administration, at the concepts of strategy and tactics involve the selection of philosophies, policies, and practices to achieve ________ and __________
effciency
effectiveness
in administration, at the concepts of ________ and _______ involve the selection of philosophies, policies, and practices to achieve efficiency and effectiveness
strategy
tactics
formal document of how goals will be achieved
strategic plan
the philosophy that puts the plan in action
strategic management
planning horizon is also known as a __________.
timeframe
A timeframe is also known as a _________ ________.
planning horizon
an objective is also known as a _____.
goal
a goal is also known as an _________.
objective
overall conduct of how long term goals are achieved
strategy
short term immediate decisions to achieve part of objectives
tactics
true or false: in strategic management there can be various tactics
true
when it comes to strategic management and planning, sometimes little is achieved and planning efforts are merely a goal in themselves, undertaken to give exposure to _______ ______
political elites
what is an example in which planning efforts are merely a goal in themselves?
- planning for the sake of planning, delusion in the idea of accomplishing something
- a company may develop a plan just because it’s good business to have a plan, and after the plan is developed it gets shelved
planning is messy in ________ ________ governments where competing interests must be accommodated.
wealthy democratic
planning is messy in wealthy democratic governments where competing ______ must be __________.
interests
accommodated
In, “___ ______ __ _________ ________,” 1959, C.E. Lindblom argued that incremental decision making was more achievable in the messy, complex, ill-structured world of politics, where completely rational decision making is never possible.
The Science of Muddling Through
What did “The Science of Muddling Through” establish?
C.E. Lindblom argued that incremental decision making was more achievable in the messy, complex, ill-structured world of politics, where completely rational decision making is never possible.
What are the components of strategic plans?
- goals & objectives
- time frame
- analysis of current circumstances
- environmental analysis
- strategy selection
- integration of efforts
- evaluation
The SWOT analysis is an organizational tool to identify the ________ and ___________ of an organization, as well as potential ___________ and ______.
strengths
weaknesses
opportunities
threats
What are strengths under the SWOT analysis?
- delivery network that reaches virtually all possible customers
- established branch office in every significant locality
- an ongoing capability to complete its core mission (deliver the mail) every day
What are weaknesses under the SWOT analysis?
- inferior top-management core
- poorly motivated and alienated workforce
- large organization with difficulties maintaining service of consistent quality
- public perception of massive incompetence
What are opportunties under the SWOT analysis?
- every citizen is a potential customer
- expand services into new technologies
- alliances with private deliverers
What are threats under the SWOT analysis?
- force privatization by Congress
- Competition from private sector (Federal Express, United Parcel Service, etc. )
- hostile labor unions
The ______ analysis is a technique widely employed by organizations to provide another test of ________ _______.
SWOT
strategic viability
The SWOT analysis uses interactive ___________ techniques
brainstorming
Which parts of SWOT are internal?
Strengths
Weaknesses
Which parts of SWOT are external?
Opportunties
Threats
