Exam2_FC5 - The flashcards are formatted for printing....

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1. Financial market conditions 2. Industry downsizing 3. Deregulatio n 4. Globalizatio Strategic Management
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n of competition 5. Technologic al change 6. Strategic mergers
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The process of determining an organization’s basic mission and long-term objectives, and then implanting and plan of action for accomplishing this mission and attaining Main reasons for mergers and acquisitions:
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these objectives.
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Standardized Products Economic Imperative
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Think money, so use cost leadership; the number one way to bring costs down is through standardized products. The number one way to bring costs down.
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Quality Imperative Political Imperative
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All about protecting the local market niche although they’re not the best (“buy local”). Job sharing, total quality management and good job descriptions.
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1. Economic imperative 2. Political imperative 3. Quality imperative 4. Administrati Administrative Coordination
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ve coordination
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Can’t use the standardized strategy, so adapt specifically to the country and culture (Wal-Mart). Approaches to strategic planning:
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Economic Imperative Economic Imperative
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Focus on cost leadership, differentiation, and
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Exam2_FC5 - The flashcards are formatted for printing....

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