Across
- 2. A _____-oriented vision defines a business in terms of a good or service provided.
- 7. Strategic _____ - When companies stake out a unique position within an industry that allows the firm to provide value to customers, while controlling costs.
- 9. _____ Values Statement - Statement of principles to guide an organization as it works to achieve its vision and fulfill its mission, for both internal conduct and external interactions; it often includes explicit ethical considerations.
- 11. Competitive _____ - Superior performance relative to other competitors in the same industry or the industry average.
- 14. _____ Competitive Advantage - Outperforming competitors or the industry average over a prolonged period.
Down
- 1. The set of goal-directed actions a firm takes to gain and sustain superior performance relative to competitors.
- 3. Strategic _____ - the integrative management field that combines analysis, formulation, and implementation in the quest for competitive advantage.
- 4. A statement about what an organization ultimately wants to accomplish; it captures the company's aspiration.
- 5. Competitive _____ - Underperformance relative to other competitors in the same industry or the industry average.
- 6. A _____-oriented vision defines a business in terms of providing solutions to customer needs.
- 8. Strategic _____ - A stretch goal that pervades the organization with a sense of winning, which it aims to achieve by building the necessary resources and capabilities through continuous learning.
- 10. Organizational core _____ - The ethical standards and norms that govern the behavior of individuals within a firm or organization.
- 12. Competitive _____ - Performance of two or more firms at the same level.
- 13. Describes what an organization actually does, the products and services it plans to provide, and the markets in which it will compete.