Strategic Management

1. A model that identifies a company's competitive advantage based on cost and differentiation.
4. The process of identifying and selecting strategies to achieve organizational goals.
6. The process of dividing an organization's activities into distinct functions.
7. A strategy that focuses on offering unique and high-quality products or services.
9. The analysis of factors outside the organization that could affect its performance.
10. A strategy that aims to be the low-cost producer in an industry.
11. The process of assessing an organization's strengths, weaknesses, opportunities, and threats.
12. A document that outlines an organization's mission, vision, and strategic goals.
13. A strategic approach that focuses on cost leadership and differentiation.
14. The process of monitoring and adjusting strategies in response to internal and external changes.
16. The set of conditions in the external environment that can lead to opportunities or threats.
18. A tool used to visually represent the competitive positions of companies in an industry.
19. The internal strengths and weaknesses of an organization.
20. The ongoing activities an organization undertakes to improve its processes and products.

2. The identification and evaluation of opportunities and threats in the external environment.
3. The specific actions or steps an organization takes to achieve its strategic goals.
5. The process of setting goals and determining the best ways to achieve them.
8. A framework that helps organizations align their activities with their strategic goals.
15. The process of allocating resources to achieve strategic goals.
17. The individuals or groups that have an interest in the success of an organization.