Strategy Flashcards

Statistical method used to test the possible effects of altering the details of a strategy to see if the likely outcome can be improved.

The actions that leaders take to move their organizations toward those goals and create value for all stakeholders.

Statement that specifies what activities an organization intends to pursue and what course management has charted for the future; a concise

Vivid, guiding image of an organization's desired future, the future it hopes to attain through its strategy.

Actions, processes, or results that are needed to deliver a desired value.

Beliefs that are important to an organization and often dictate employee behavior.

The basic beliefs and customs shared by members of an organization that contribute to an organization's sense of its identity.

Concept that proposes that any organization operates within a complex environment in which it affects and is affected by a variety of forces

Statement that reports the financial position of the organization at a specific point in time; shows assets, liabilities, and shareholder eq

Strategies that create competitive advantage by creating a new marketplace arena in which there are no other competitors.

Describes the shortest amount of time required to complete a project, taking into account all project task relationships—for example, whethe

The process by which an organization creates the product or service it offers to the customer.

Statement that reports revenues, expenses, and net income (profit) for a specified period—for example, quarterly or annually.

A state in which an organization's strategy is consistent with its external opportunities and circumstances and its internal structure, reso

The benefit created when an organization meets its strategic goals.

Statistical method that studies the way in which a variable may change over time

Statistical method that identifies the degree of difference between planned and actual performance.

Ability to gather and analyze data from inside and outside the organization so that information is available for decision makers.

Process that compares performance levels and/or processes of one entity with those of another to identify performance gaps and set goals aim

Statement that shows incoming and outgoing cash in the areas of operations, investments, and financing and remaining cash reserves; reflects

A metric that describes an activity that has already occurred

A metric that describes an activity that can change future performance and indicate higher degree of success in achieving strategic goals.