Strategic Management

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Across
  1. 2. ocean strategy Red ocean strategy is when companies try to outperform their rivals to grab a greater share of existing demand.
  2. 5. intent  Strategic intent is the term used to describe the aspirational plans, overarching purpose or intended direction of travel needed to reach an organisational vision
  3. 7. innovation Product innovation is the process of creating a new product or improving an existing one to meet customers' needs in a novel way.
  4. 9. strategy Corporate strategy is a unique plan or framework that is long-term in nature, designed with an objective to gain a competitive advantage over other market participants while delivering both on customer/client and stakeholder promises
  5. 11. Meaning
  6. 12. Policy is the spheres or scope within which decisions are taken by the employees in the organization.
  7. 15. Venture a commercial enterprise undertaken jointly by two or more parties which otherwise retain their distinct identities.
  8. 16. competance Core competencies are the resources and capabilities that comprise the strategic advantages of a business.
  9. 17. A business vision is your goal for what your business will be in the future
  10. 19. score card  A performance scorecard is a graphical representation of the progress over time of some entity, such as an enterprise, an employee or a business unit, toward some specified goal or goals.
  11. 20. stated clearly and in detail, leaving no room for confusion or doubt
  12. 22. Tactics the specific actions or steps you undertake to accomplish your strategy.
  13. 23. rate The rate at which something, in particular an economy or business, grows
  14. 24. Implementation is the execution or practice of a plan, a method or any design, idea, model, specification, standard or policy for doing something
  15. 25. integration Vertical integration is the business arrangement in which a company controls different stages along the supply chain.
  16. 26. a person with an interest or concern in something, especially a business.
Down
  1. 1. Evaluation Strategy evaluation is the process by which the management assesses how well a chosen strategy has been implemented and how successful or otherwise the strategy is.
  2. 3. one way that things may happen in future
  3. 4. The action of developing all the details of a plan for doing something, or something that is developed in this way:
  4. 6. ocean strategy The blue ocean strategy represents the simultaneous pursuit of high product differentiation and low cost, making the competition irrelevant.
  5. 8. Restructuring is when a company makes significant changes to its financial or operational structure, typically while under financial duress
  6. 10. Performance appraisal is a process for evaluating and documenting how well an employee is carrying out his or her job.
  7. 13. technological innovations in industry
  8. 14. A goal is an objective or target that someone is trying to reach or achieve.
  9. 18. intent Strategic intent is the term used to describe the aspirational plans, overarching purpose or intended direction of travel needed to reach an organisational vision
  10. 21. A portfolio is a collection of projects and/or programmes used to structure and manage investments at an organisational or functional level to optimise strategic benefits or operational efficiency.