Strategic Management

2. The 5 forces analysis consists of: competition in the industry, potential of new entrants into the industry, power of customers, power of suppliers, threat of ______ products
4. An _______ strategy when an organization seeks to expand to foreign markets
5. _____ is a written statement succinctly expressing a company's purpose by defining its primary long-term goals, description of desired future state of the company
7. Type of an organizational structure in which decision-making is concentrated at the top level
10. ____ is the company’s statement that defines the company’s business and why company was started
12. L in PESTLE analysis stands for ______ factors
15. In McKinsey matrix vertical axis is a market _______
16. ______ analysis is the process that companies use to compare their current performance with their desired, expected performance
18. The quadrant in BCG matrix which is characterized as the most profitable one, with the large market share and low growth of the market where it operates
19. The last name of person who developed 5 forces analysis
20. Corporate ______ refers to the values, beliefs, and behaviors that determine how a company's employees and management interact, perform, and handle business transactions

1. The strategy in Ansoff matrix which is about entering a new market with altogether new products
3. The concept of increasing sales of existing products into an existing market in Ansoff matrix
6. Joint ________ is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task
8. _____ chain is a concept describing the full chain of a business's activities in the creation of a product or service
9. Strategic ______ unit is a relatively autonomous division of a large company that operates as an independent enterprise with responsibility for a particular range of products or activities
11. A plan of action designed to achieve a long-term or overall aim
13. A cost ______ is a business-level strategy employed by companies who wish to gain a competitive advantage by being the lowest-cost producer of a service, production process, or commodity
14. A _______ organizational structure is a team structure that groups employees into different departments based on areas of expertise
17. ______ analysis is a method for identifying and analyzing internal strengths and weaknesses and external opportunities and threats that shape current and future operations and help develop strategic goals