MGMT 500-4 MODULE 4

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Across
  1. 4. strategic plan / Company actions to achieve a goal that will take a year or more to complete.
  2. 5. strategy / A grand strategy to increase the firm’s size by revenue, market share, or geographic reach.
  3. 6. / A decision to carry out a specific action to achieve a goal, including timing, method, and resources.
  4. 8. management process / The set of activities managers use to position firms for competitive success.
  5. 11. planning / Connects company actions to vision and mission statements.
  6. 12. measurement / Evaluation of firm activities to determine success in meeting objectives.
  7. 14. strategy / Strategy level involving actions to enter a new geographic market.
  8. 15. / Something that a firm is trying to accomplish; also called an objective.
  9. 17. statement / A general description of how the firm will try to accomplish its vision.
  10. 18. strategy / A grand strategy for maintaining current income, market share, or reach.
  11. 19. framework / Acronym for good goals: specific, measurable, achievable, relevant, and time-bound.
  12. 20. strategy / Ways that single-product firms organize their activities to succeed against rivals.
  13. 22. / Clue
  14. 23. matrix / A tool used to evaluate the various business units in a corporation.
Down
  1. 1. planning / First-line strategic planning for daily and short-term actions employees will perform.
  2. 2. / The execution of a strategy by assigning actions to employees to achieve strategic objectives.
  3. 3. strategy / The broadest level of strategy, focused on growing, maintaining, or shrinking a large company.
  4. 7. strategic plan / Company actions to achieve an objective within a year or less.
  5. 8. analysis / Systematic examination of a firm’s internal and external environment for decision-making.
  6. 9. strategy / A grand strategy pursued by companies facing challenges.
  7. 10. / A performance evaluation technique where the standard is based on another firm’s superior performance.
  8. 13. planning / Mid-level strategic planning of what a company should do to pursue its mission.
  9. 16. statement / A broad expression of what a business’s founders want the business to achieve.
  10. 21. objectives / Big-picture goals the company sets to fulfill its mission.