Sec 1 Flashcards
Competitive strategy
An organization’s competitive strategy is its approach to gain competitive advantage over its competitors.
Core technology
This refers to the methods for producing a product or a service, which includes the knowledge, skills, processes, and equipment that are involved in production.
Organizational structure
This is the mechanism used to group and coordinate individuals within the organization, and organizational structure is often reflected in the organizational chart, policies, and procedures.
Organizational culture
This includes the shared beliefs, values, and norms or the unwritten rules of behavior of individuals in the organization
Human resource practices
This involves the organizational practices associated with hiring, firing, developing, and rewarding individuals who work for the organization.
Precrisis Phase
Crises may develop over time and emit early warning signals before they are manifested
Crisis Phase
when a crisis event occurs and becomes visible
Postcrisis Phase
the intensity of a crisis diminishes and it moves to its final phase. In this phase, the organization needs to recover from the crisis experience.
crisis to leaders is
unintentional changes that leaders are forced to address
moral conation
capacity to feel responsible, to be motivated to take action on moral issues, and to persevere during difficult situations
Moral ownership
extent to which individuals feel psychologically responsible to ensure that their behaviors, and those of others are ethical
Moral efficacy
belief that one can make a positive difference and can persevere in a moral situation
Moral courage
ability to face danger and to persist while standing up for moral principles
3 causes of decline
internal dysfunctions and failures
mismanagement by leaders
presence of external threats
5 stages of organizational growth
Creativity Direction Delegation Coordination Collaboration
Creativity Stage
entrepreneurs strive to create a business venture by developing new products or services and by attracting resources from funding agencies and customers
Direction Stage
able to create efficiencies by establishing more formal structures and systems for managing people, inventory, budgets, and customers can transition to the direction stage
Delegation Stage
transition to the next stage of growth, leaders tend to decentralize the organization and delegate more to lower level managers
Coordination Stage
top managers can create structures, such as product groups and use profit-sharing mechanisms to foster a greater sense of cohesiveness and synergy within the organization
Collaboration Stage
organization strives to become more adaptable by fostering teamwork and collaboration
Transformative begch3
causing a major change to something or someone, especially in a way that makes it or them better
TCM approach
more positive, value-centered approach could result in more constructive outcomes during crisis management
TCM phases
crisis prep
containment
recovery
growth