[SOURCE] Midterms Flashcards
It is the frequency, boldness and aggressiveness of dynamic movement by the players accelerates to create a condition of constant disequilibrium and change.
Hyper Competition
A strategic type wherein the corporations operate in at least two different product-market areas
Analyzers
These are corporations that lack a consistent strategy-structure-culture relationship.
Reactors
These are companies with fairly broad product lines that focus on product innovation and-market opportunities
Prospectors
These arc companies with a limited product line that focus on improving the efficiency of their existing operations.
Defenders
This forecasting technique is a non-quantitative approach that requires the presence of people with some knowledge of the situation to be predicted.
Brainstorming
Forecasting technique wherein the experts independently assess the likelihoods of specified events.
Delphi Technique
It is a quantitative technique that attempts to discover causal or explanatory factors that link-two or more time series together.
Statistical Modelling
This focused on the descriptions of different likely future presented in a narrative fashion.
Scenario Writing
It is a recent forecasting technique enabled by easy access to the internet.
Prediction Markets
In this business model a company waits until a product becomes standardized and then enters the market with a low priced, low margin product that appeals to the mass market.
Efficiency Model
The company offers specialized products / services to market niches that are too
small to worthwhile to large competitors but have the potential to grow quickly.
Entrepreneurial Model
It refers to a consulting model
Customer Solution Model
The firm acts as an intermediary to connect multiple sellers to multiple buyers
Switchboard Model
The product is thus a system with one component providing most of the profits.
Multi-Component System (MCS)
5 Basic Organizational Structures
- Simple Structure
- Functional Structure
- Divisional Structure
- Strategic Business Unit
- Conglomerate Structure
5 Basic Organizational Structures
A small, centralized organization with little formalization, often used by startups or small businesses.
Simple Structure
5 Basic Organizational Structures
Organizes employees based on specific functions (e.g., marketing, finance, HR).
Functional Structure
5 Basic Organizational Structures
Divides the organization into self-contained units based on products, geography, or markets.
Divisional Structure
5 Basic Organizational Structures
A more flexible version of divisional structure where each unit operates independently with its own strategy.
Strategic Business Unit (SBU) Structure
5 Basic Organizational Structures
A highly diversified company with unrelated businesses managed under a corporate umbrella (e.g., SM Investments, Ayala Corporation).
Conglomerate Structure
