Test 1- internal and external environment Flashcards
the rate at which a firm’s underlying resources and capabilities depreciate or became obsolete
durability
a graph showing time plotted against sales of a product as it moves from introduction through growth and maturity to decline
Product life cycle
a forecasted description of an industries likely future
industry scenario
the degree of complexity plus the degree of change existing in the organizations external environment
enronmental uncertainty
a collection of corporate capabilities that cross divisional borders and are widespread within a corporation and is something that a corporation can do exceedingly well
core competency
a set of business units or themes that were through similar strategies and have similar resources
Strategic Group
the companies that offer the same products or services as the subject company
Direct Competitors/ Competitors
barney’s proposed analysis evaluates a firm case resources in terms of value, rareness, imitability and organization
VRIO Framework
an industry situation in which the players frequency boldness and aggressiveness of dynamic movements accelerate to create a conditions of constant disequilibrium and change.
Hypercompetition
products that appear to be different but can satisfy the same needs as other products
Substitute Products
a linked set of value creating activities that begins with basic raw materials coming from suppliers and end with distributors getting the final goods into the hand of the ultimate consumer
Value Chain
a group of firms producing a similar product or services
Industry
the monitoring, evaluating, and disseminating of information from the external environment to key people within the corporation.
Environmental scanning
a category of firms based on a common strategic orientation and a combination of structure, culture and processes that are consistent with that strategy
Strategic type
a conceptual framework that states the units production cost decline by some fixed percentage it’s time the total accumulated volume of productions in units doubles
Experienced curved
an assemblage of legally independent firms operating under one corporate umbrella but controlled through the subsidiaries board of directors
conglomerate structure
an industry in which multinational corporations primarily coordinate their activities within a specific geographic areas of word
Regional Industries
a cross-functional integration and coordination of capabilities
Competency
an in-depth examination of key factors within a corporations task environment
Industry Analysis
businesses entering an industry that typically venue capacity to an industry a desire to gain market share and a substantial resources
New entrants
a collection of beliefs, expectations and values learned and shared by the corporations members and transmitted from one generation of employees to another
Corporate Culture
a name that identifies a particular company’s product in the mind of consumer
Brand
a formal program of gathering information about the company’s competitors
Competitive intelligence
the formal set up of a business corporation value chain components in terms of workflow, communication channels and hierarchy
Organizational Structure
