Organizational Structure Flashcards
What is resources?
The assets, capabilities, processes, employee time, knowledge, and information that an organization uses to improve its efficiency and effectiveness and create and sustain competitive advantage.
What is competitive advantage?
Providing greater for customers than competitors can.
What is substantial competitive advantage?
A competitive advantage that other companies have tried unsuccessfully to duplicate and have, for the moment, stopped trying to duplicate.
What is a valuable resource?
A resource that allows companies to improve efficiency and effectiveness.
What is a rare resource?
A resource that is not controlled or possessed by many competing firms.
What is imperfectly imitable resource?
A resource that is impossible or extremely difficult or costly for other firms to duplicate.
What is a non-sustainable resource?
A resource that produces value or competitive advantage and has no equivalent substitutes or replacements.
What is competitive inertia?
A reluctance to change competitive practices or change strategies that have been successful in the past.
What is situational (SWOT) analysis?
An assessment of the strengths and weaknesses in an organization’s internal environment and the opportunities and threats to its external environment.
What is strategic dissonance?
A discrepancy between a company’s intended strategy and the strategic actions managers take when implementing that strategy.
What is a shadow -strategy task force?
A committee within a company that analyzes the company’s own weakness to determine how competitors could exploit them for competitive advantage.
What is distinctive competence?
What a company can make, perform, or do better than its competitors.
What is core capabilities?
The internal decision-making routines, organizational cultures, and problem-solving processes that determine how efficiently inputs can be turned into outputs.
What is a strategic group?
A group of companies within an industry against which top managers compare, benchmark, and evaluate strategic threats and opportunities.
What are core firms?
The central companies in a strategic group.
