ENG3 Strategy Flashcards

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1
Q

to express clearly

A

to articulate

adj: (in)articulate, noun: articulation
e. g. “We need to articulate a long-term vision.”

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2
Q

to form an opinion about sth. based on the information which is available, to infer

A

to deduce

noun: deduction, verb: deductive
e. g. “Can I deduce from your silence that you don’t agree?”

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3
Q

to develop gradually, esp. from a simple to a more complicated form, e.g. “How will our industry

A

to evolve

noun: evolution

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4
Q

here: to make productive use of , e.g. “She fully exploited all her opportunities”.

A

to exploit
noun: exploitation
(These words are also used disapprovingly in the sense of “to use sth or treat sb unfairly.”)

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5
Q

to encourage sb or sth to develop

A

to foster

e.g. to foster innovation

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6
Q

to get to a better position by going past sb else or by missing some stages

A

to leapfrog

e.g. “to leapfrog the experience curve.”

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7
Q

here: to use (for gain), to exploit

A

to leverage

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8
Q

to duplicate, to repeat

A

to replicate

e.g. “a strategy which is difficult to replicate”

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9
Q

to improve sth by making small changes to it

A

to refine

noun: refinement
e. g. “We need to refine our approach.”

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10
Q

to become, and continue to be, successful, strong etc.

A
to thrive (on)
e.g. "Some people thrive on competition."
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11
Q

to turn something upside down

A

to upend sth.

e.g. “Globalization has upended the business environement.”

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12
Q

the process of changing

A

adaption

verb: to adapt, adjectives: adaptive (an adaptive andvantage), adaptable
e. g. “rapid adaption to new market coniditions”

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13
Q

nimbleness (Gewandtheit)

A

agility

e.g. “Good managers have the mental agility to deal with complex strategic issues.”

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14
Q

here. increase in value over a period of time

A

appriciation

verb: to appreciate
e. g. “an appreciation in real estate values.”

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15
Q

a large group or collection of people or things

A

array

e.g. “an array of hardware partners”

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16
Q

the process of spreading sth over a wide ares

A

dispersal

verb: to disperse
e. g. “The dispersal of decision rights encourages innovation.”

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17
Q

here: the act of doing a piece of work, performing a duty etc.

A

execution

verb: to execute, adjective: executive, executive (Führungskraft)
e. g. “Everyone contributes to the execution of our stragtegy in some way.”

18
Q

purpose, intention

A

intent

verb: to intend (to)
e. g. “our strategic intent”

19
Q

an inducing or compelling force (Hebel)

A

lever

e.g. “ a lever for increasing motivation”

20
Q

a person (or company) with unusual opinions / ways of doing tings

A

maverick

21
Q

something that will sovle all the problems in a situation

A

panacea

e.g. “This approach is no panacea”

22
Q

great skill at doing sth

A

prowess

e.g. “her academic prowess”

23
Q

here: size or extent of sth, especially when compared with sth else

A

scale

24
Q

here: a change

A

shift

verb: to shift
e. g. “There has been a shift in customer behaviour”

25
Q

the advantages someone gets from being successful

A

spoils (pl)

e.g. “The spoils go to those companies who can create an aptive advantage”

26
Q

a geographic, economic or specialised subdivision of the market

A

sub-market

27
Q

next to, near sth

A

adjacent

noung: adjacency
e. g. “an adjacent market”

28
Q

dependent on each other

A

co-dependent

29
Q

widespread

A

diffused

verb: to diffuse, noun: diffusion
e. g “IT has become diffused through the whole economy”

30
Q

causing problems so that sth can’t continue normally

A

disruptive

noun: disruption, verb: to disrupt
e. g. “the presence of a disruptive competitor”

31
Q

lasting for a long time

A

enduring

e.g. “an enduring competitive advantage”

32
Q

able to move quickly and easily

A

nimble

e.g. “Only very nimble companies will survive”

33
Q

out of adate, no longer used

A

obsolete

noun: obsolescence
e. g. “obsolete routines”

34
Q

able to continue or be continued for a long time without becoming less

A

sustainable

verb: to sustain (aufrechterhalten), noun: sustainability
e. g. “a sustainable competitive advantage”

35
Q

a specific part of an industry

A

industry domain

e.g. “Which industry domain do we want do compete in?”

36
Q

a statement of the purpose of a company (Unternehmensleitbild”

A

mission statement

37
Q

a promise of value to be delivered to the customer (Wertversprechen, Nutzenversprechen)

A

value proposition

38
Q

to create a problem, threat etc. that needs to be dealt with

A

to pose a challenge/danger/risk for

39
Q

to make a task more difficult

A

to raise the bar

40
Q

something extra that is added to an already good situation

A

the icing on the cake

41
Q

a firmly established belief (so that it’s difficult to change it)

A

an entrenched belief

42
Q

to reduce the risk of losing by having several options available to you

A

to hedge your bets