Exam1 - Flashcards - The flashcards are formatted for...

Info iconThis preview shows pages 1–29. Sign up to view the full content.

View Full Document Right Arrow Icon
Strategy Internet
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Fuels globalization by providing companies with greater access to geographically dispersed customers, employees, and suppliers. A game plan that enables a company to attract customers by distinguishing itself from competitors.
Background image of page 2
Customer Intimacy Strategy Target Customers
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
The focal point of a company’s strategy. Understand and respond to individual customer needs.
Background image of page 4
Product Leadership Strategy Operational Excellence Strategy
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Deliver products and services faster, more conveniently, and at lower prices. Offer higher quality products.
Background image of page 6
Operational Excellence Strategy Customer Intimacy Strategy
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
i.e. Starbucks (customer value propositions) i.e. Toyota (customer value propositions)
Background image of page 8
1. Customer Intimacy Strategy 2. Operational Excellence Strategy 3. Product Leadership Strategy Product Leadership Strategy
Background image of page 9

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
i.e. Apple; brand recognition important (customer value propositions) Customer value propositions:
Background image of page 10
Directing and Motivating Planning
Background image of page 11

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Identify alternatives, select alternative that does the best job of furthering organization’s objectives, and develop budgets to guide progress toward alternative. Managing day-to-day activities to keep the organization running smoothly.
Background image of page 12
Controlling 1. Planning 2. Directing and Motivating 3. Controlling
Background image of page 13

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Work of management: Ensures plans are being followed.
Background image of page 14
Feedback Feedback
Background image of page 15

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Compares actual results with the budget in the form of performance reports. An essential part of the control function.
Background image of page 16
Financial Accounting Financial Accounting
Background image of page 17

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
External persons who make financial decisions. Historical perspective.
Background image of page 18
Financial Accounting Financial Accounting
Background image of page 19

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Emphasis on verifiability. Emphasis on precision.
Background image of page 20
Financial Accounting Financial Accounting
Background image of page 21

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Primary focus is on the whole organization. Must follow GAAP and prescribed formats.
Background image of page 22
Managerial Accounting Financial Accounting
Background image of page 23

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Mandatory for external reports. Managers who plan for and control and organization.
Background image of page 24
Managerial Accounting Managerial Accounting
Background image of page 25

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Future emphasis. Emphasis on relevance for planning and control.
Background image of page 26
Managerial Accounting Managerial Accounting
Background image of page 27

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
timeliness. Focuses on segment of
Background image of page 28
Image of page 29
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 08/30/2011 for the course ACG 2071 taught by Professor Smith during the Spring '07 term at University of Central Florida.

Page1 / 106

Exam1 - Flashcards - The flashcards are formatted for...

This preview shows document pages 1 - 29. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online