Strategic Management Overview & the External Environment

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Across
  1. 4. segment of the general environment refers to the nature and direction of the economy in which a org competes or may compete
  2. 7. inputs into a organization's production process, such as capital equipment, individual employee's skills, patents, brand names, finance, and talented managers
  3. 8. segment concerned with a population’s size, age structure, geographic distribution, ethnic mix, and distribution of income
  4. 10. type of environment composed of elements in the broader society that can indirectly influence an industry and the organizations within the industry
  5. 12. segment of the general environment concerned with how interest groups and organizations attempt to influence representatives of governments and governmental agencies and how they, in turn, are influenced by them
  6. 13. Resources are ______ when they have no structural equivalents
  7. 16. investor uncertainty about the economic gains or losses that will result from a particular investment
  8. 18. networks of companies that sell goods and services compatible with the organizations own product or service
  9. 20. an externally focused application of its vision that states the organization's unique purpose and scope of its operations in product and market terms
  10. 21. Resources are ______ to imitate when other organizations cannot obtain them inexpensively
  11. 23. the individuals and groups who can affect and are affected by the strategic outcomes achieved and who have enforceable claims on a organization's performance
  12. 24. represents the process where analysts develop feasible projections of what might happen and how quickly as a result of the changes and trends detected through scanning and monitoring
  13. 26. a picture of what the organization wants to be, and in broad terms, what it wants to ultimately achieve
  14. 28. the increasing economic interdependence among countries as reflected in the flow of goods and services, financial capital, and knowledge across country borders
  15. 30. a term that is used to describe a type of innovation in which rapid and consistent replacement of current technologies by new, information-intensive technologies
  16. 31. an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage
Down
  1. 1. building strong relationships in which each party feels obligated to help the other
  2. 2. a group of organizations producing products that are close substitutes for each other
  3. 3. represent conditions in the general environment that may help a company achieve strategic competitiveness by presenting it with possibilities
  4. 5. the capacity for a set of resources to perform, integratively or in combination, a task or activity
  5. 6. represents a process whereby analysts observe environmental changes over time to see if an important trend begins to emerge
  6. 9. a condition of rapidly escalating competition that is based on price-quality positioning, efforts to create new know-how and achieve first-mover advantage, and battles to protect or to invade established product or geographic markets
  7. 11. model which adopts an internal perspective to explain how a org's unique bundle or collection of internal resources and capabilities represent the foundation on which value-creating strategies should be built
  8. 14. segment of the general environment concerned with different societies’ social attitudes and cultural values
  9. 15. conditions that may hinder or constrain a company’s efforts to achieve strategic competitiveness
  10. 17. model which adopts an external perspective to explain that forces outside of the organization represent the dominant influences on a organization's strategic actions
  11. 19. Resources are _____ when they support taking advantage of opportunities or neutralizing external threats
  12. 22. entails the study of all segments in the general environment
  13. 25. Resources are ______ when possessed by few, if any, competitors
  14. 27. represents the set of capabilities, in all areas of their operations, that organizations use to respond to the various demands and opportunities that are found in dynamic, uncertain environments
  15. 29. represents the step in the external analysis process where all of the other steps come together