Strategic Management Crossword #1

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Across
  1. 2. _______ dependence: The past predicts the future.
  2. 6. __________ actions are strategic actions taken by lower-level employees that may have surprising results.
  3. 8. Industry __________ # and size of competitors, degree of pricing power, product or service offered, entry barriers.
  4. 9. ___________ commitment - increasing devotion and resources to something that "seemed like a good idea at the time."
  5. 16. rigidity A former core competency that turned into a liability because the firm failed to hone, refine, and upgrade the competency as the environment changed.
  6. 18. Distinct and fine-grained business process that enable firms to add incremental value by transforming inputs into goods and services
  7. 21. __________ bias - I only look for facts that support what I already think I know.
  8. 22. Strategic plan that the top management team thinks matches reality and should be enacted.
  9. 23. _______ barriers make it hard to leave an industry.
  10. 24. Description of what the business does.
  11. 28. Description of the firm's future - firm aspiration.
  12. 31. Competitive _________ performing better than industry competitors or beating the industry average.
  13. 34. Partial owners through investment.
  14. 35. Unplanned strategy sifting up from the bottom of the organization.
  15. 36. Skills needed to orchestrate a diverse set of resources and deploy them strategically
  16. 37. Companies make a profit by keeping costs low and creating ________ for consumers.
  17. 38. _________ capabilities A firm’s ability to create, deploy, modify, reconfigure, upgrade, or leverage its resources in its quest for competitive advantage.
  18. 39. _________ analysis is a method to identify an industry’s profit potential and derive implications for a firm’s strategic position within an industry.
  19. 41. A _________ competitive advantage lasts over a prolonged period of time.
  20. 42. ________ model shows what the firm does to make money through buyers, suppliers, and partners.
Down
  1. 1. _______ group is a set of companies that pursue a similar strategy within a specific industry.
  2. 3. Standalone divisions of a conglomerate
  3. 4. ________, profit, planet.
  4. 5. _______ costs: What it cost to pursue an opportunity.
  5. 7. Cognitive bias - "I saw it once, it must be true!"
  6. 10. Framework to address societal economic, legal, social, and philanthropic expectations.
  7. 11. Cognitive __________ brain constraints, like not enough time, make it hard to process stuff.
  8. 12. _________ activities add value directly by transforming inputs into outputs as the firm moves a product or service horizontally along the internal value chain.
  9. 13. ___________ Strategy: Intended + Emergent
  10. 14. ______ resources have no physical attributes.
  11. 15. Cheese is a ______ to wine.
  12. 17. Core _____ statement contains explicit ethical considerations.
  13. 19. Reservation price.
  14. 20. __________ are affected by the firms actions.
  15. 21. _________ biases are errors in human decision making that interfere with rational thinking.
  16. 25. _____ chain: The internal activities a firm engages in when transforming inputs into outputs; each activity adds incremental value.
  17. 26. A firm's plan or theory for competitive advantage.
  18. 27. V-C
  19. 29. competencies Unique strengths, embedded deep within a firm, that are critical to gaining and sustaining competitive advantage
  20. 30. _________ ambiguity How'd that happen?
  21. 32. ____________ strategy is the outcome of a structured, top-down strategic plan.
  22. 33. Competitive ________ Competing at the same level.
  23. 40. ______ Capital that could be lost because of investment.