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BBUS 4780 Strategic Management

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Strategic Management Questions & Answers

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Strategic Management Flashcards

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  • 33 terms

    Term:

    How do firms create value?

    Definition:

    By exploiting core competencies or competitive advantage

    • Internal Environment Analysis
    • 33 terms
    • Vocabulary for Internal Environment Analysis. Find, create, and access Management, Strategic Management, final product flashcards with Course Hero.
  • 27 terms

    Term:

    Definition of Strategy

    Definition:

    An integrated and coordinated set of commitments designed to exploit core competencies to gain competitive advantage and above average returns

    • Strategic Management and Strategic Concepts
    • 27 terms
    • Vocabulary for Strategic Management and Strategic Concepts. Find, create, and access Strategic Management, Resource based model flashcards with Course Hero.
  • 26 terms

    Term:

    The three reasons to diversify.

    Definition:

    Value Creating Diversification / Value Reducing Diversification / Value Neutral

    • Corporate Level Strategies
    • 26 terms
    • Vocabulary for Corporate Level Strategies. Find, create, and access Strategic Management, cls, Value Creating Diversification flashcards with Course Hero.
  • 25 terms

    Term:

    The 5 business level strategies

    Definition:

    Cost leadership, Differentiation, Focused Cost leadership, Focused differentiation and Integrated strategy

    • Business Level Strategy
    • 25 terms
    • Vocabulary for Business Level Strategy. Find, create, and access Marketing, Strategic Management, business level strategy flashcards with Course Hero.
  • 18 terms

    Term:

    What are the 8 performance measures of a firm?

    Definition:

    1) Survival / 2) Accounting Measures / 3) Multiple Stakeholder Approach / 4) Present Value / 5) Market Value Add&Economic Value Add / 6) Balanced Score Card / 7) Corporate Social Responsibility

    • Strategic Management and Firm Performance
    • 18 terms
    • Vocabulary for Strategic Management and Firm Performance. Find, create, and access Strategic Management, Economic value added flashcards with Course Hero.
  • 17 terms

    Term:

    Opportunities and Threats are part of which environment?

    Definition:

    General Environment

    • Analysis of External Environment
    • 17 terms
    • Vocabulary for Analysis of External Environment. Find, create, and access Economics, Strategic Management, Inflation flashcards with Course Hero.
  • 17 terms

    Term:

    What is the difference between an acquisition, merger, and a takeover with an example.

    Definition:

    Merger - Two firms agree to integrate their operations on a co-equal basis - EG: Coopers, Lybrand, and Price Waterhouse formed to make PWC. Acquisition - One firm buys a controlling, in another firm with the intent of making the acquired firm a business within its portfolio. EG - Proctor and Gamble acquiring Gillette. Takeover - Special acquisition where the target firm did not solicit the acquiring firms bid. AMP tried to take over GIO by purchasing their shares in the open market.

    • Acquisition and Restructuring Strategies
    • 17 terms
    • Vocabulary for Acquisition and Restructuring Strategies. Find, create, and access Strategic Management, new product development, Firm flashcards with Course Hero.
  • 10 terms

    Term:

    Definition of Corporate Governance

    Definition:

    Set of mechanisms used to manage the relationships (and conflicting interests) among stakeholders, and to determine and control the strategic direction and performance of organizations

    • Corporate Governance
    • 10 terms
    • Vocabulary for Corporate Governance. Find, create, and access Management, Strategic Management, large block shareholder, flashcards with Course Hero.

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