Terms : Hide Images
| 9450538173 | strategic alliances | Cooperative agreements between potential or actual competitors. | 0 | |
| 9450539103 | strategy | Actions managers take to attain the firm's goals. | 1 | |
| 9450539104 | profitability | A ratio or rate of return concept. | 2 | |
| 9450540861 | profit growth | The percentage increase in net profits over time. | 3 | |
| 9450541667 | value creation | Performing activities that increase the value of goods or services to consumers. | 4 | |
| 9450542679 | operations | The various value creation activities a firm undertakes. | 5 | |
| 9450542680 | organization architecture | The totality of a firm's organization, including formal organizational structure, control systems and incentives, organizational culture, processes, and people. | 6 | |
| 9450544137 | organizational structure | The three-part structure of an organization, including its formal division into subunits such as product divisions, its location of decision-making responsibilities within that structure, and the establishment of integrating mechanisms to coordinate the activities of all subunits. | 7 | |
| 9450546594 | controls | The metrics used to measure the performance of subunits and make judgments about how well managers are running those subunits. | 8 | |
| 9450547349 | incentives | The devices used to reward appropriate managerial behavior. | 9 | |
| 9450548884 | processes | The manner in which decisions are made and work is performed within any organization. | 10 | |
| 9450548892 | organizational cultures | The values and norms shared among an organization's employees. | 11 | |
| 9450549895 | people | The employees of the organization, the strategy used to recruit, compensate, and retain those individuals, and the type of people that they are in terms of their skills, values, and orientation. | 12 | |
| 9450550683 | core competence | Firm skills that competitors cannot easily match or imitate. | 13 | |
| 9450551569 | location economies | Cost advantages from performing a value creation activity at the optimal location for that activity. | 14 | |
| 9450553673 | global web | When different stages of value chain are dispersed to those locations around the globe where value added is maximized or where costs of value creation are minimized. | 15 | |
| 9450554555 | experience curve | Systematic production cost reductions that occur over the life of a product. | 16 | |
| 9450555550 | learning effects | Cost savings from learning by doing. | 17 | |
| 9450556839 | economies of scale | Cost advantages associated with large-scale production. | 18 | |
| 9450559291 | universal needs | Needs that are the same all over the world, such as steel, bulk chemicals, and industrial electronics. | 19 | |
| 9450559292 | global standardization strategy | A firm focuses on increasing profitability and profit growth by reaping the cost reductions that come from economies of scale, learning effects, and location economies. | 20 | |
| 9450563075 | localization strategy | Increasing profitability by customizing the firm's goods and services so that they provide a good match to tastes and preferences in different national markets. | 21 | |
| 9450566017 | transnational strategy | Attempt to simultaneously achieve low costs through location economies, economies of scale, and learning effects while also differentiating product offerings across geographic markets to account for local differences and fostering multidirectional flows of skills between different subsidiaries in the firm's global network of operations. | 22 | |
| 9450566018 | international strategy | Trying to create value by transferring core competencies to foreign markets where indigenous competitors lack those competencies. | 23 |
