Strategic Management

2. The individuals or groups with an interest in the success of an organization.
5. Visual representation of a business model, highlighting 9 key strategic factors.
6. A strategy that focuses on offering unique and innovative products or services.
9. A large organization purchases (acquires) a smaller firm or vice versa.
10. The means by which annual objectives will be achieved.
11. Two organizations of about equal size unite to form one enterprise.
12. A framework that helps organizations analyze their competitive position in an industry.
14. Written declaration of an organization's long-term goals.
19. A plan that outlines how an organization will match its internal strengths and weaknesses with external opportunities and threats.
20. A growth/share matrix.

1. Factors that allow a company to produce goods or services better or more cheaply than its rivals.
3. Statement of purpose that provides the rationale for an organization’s existence.
4. A strategy to reduce the cost of operation and produce the lowest priced products or services.
7. A diagram representing how an organization creates value by delivering its products or services.
8. Strategy that occurs when two or more companies form a temporary partnership for the purpose of capitalizing on some opportunity.
13. Short-term milestones that organizations must achieve to reach long-term objectives.
15. Favorable external factors that could give an organization a competitive advantage.
16. This intensive strategy seeks to increase market share for present products or services in present markets through greater marketing efforts.
17. The set of conditions in the external environment that could impact an organization's performance.
18. A tool used to gain a macro picture of an industry environment using political, economic, social, technological, legal and environmental factors.