Strategic Mgmt Flashcards
Sale by a company of an asset that is not performing well, that is not core to the company’s business, or that is worth more as a separate entity
Divestiture
Process of conducting an intense investigation of a corporation as one of the first steps in a pending merger or acquisition
Due Diligence
Wok groups that conduct the major business of an organization
Line units
Organizational structure in which divisions are separated by product, customer or market, or region
Divisional structure
Specifies what the company does, who its customers are, and the priorities it has set to pursuing its work
Mission Statement
Involves looking at a set of observations and designing a rule that characterizes or explains a pattern underlying the observation
Inductive Reasoning
Involves data that is gathered firsthand for a specific evaluation
Primary Research
Techniques for communicating information about products to consumers
Promotion
Detailed steps a unit, department, or team will take in order to achieve short-term objectives
Action plan
Form of budgeting in which the prior budget is the basis for allocation of funds
Incremental budgeting
Systematic tool for gathering, storing, maintaining, retrieving, and revising HR data
Human resources information system (HRIS)
Measure that indicates how much scores in a set of data are spread out around a mean or average
Standard deviation
Research method in which certain factors (variables) are manipulated and the results are examined
Scientific method
Based in research that uses open-ended interviewing to explor and understand attitues, opinions, feelings, and behaviors
Qualitative analysis
Combined knowledge, skills, and experience of a company’s employees
Human Capital
