Strategic Management at National Tsinghua University | Flashcards & Summaries

Lernmaterialien für Strategic Management an der National Tsinghua University

Greife auf kostenlose Karteikarten, Zusammenfassungen, Übungsaufgaben und Altklausuren für deinen Strategic Management Kurs an der National Tsinghua University zu.

TESTE DEIN WISSEN

Unrelated Diversification; what are financial economies?

Lösung anzeigen
TESTE DEIN WISSEN

are cost savings realized through improved allocations (moving resources from one unit to another) of financial resources based on investments inside or outside the firm.

Lösung ausblenden
TESTE DEIN WISSEN

Market Power

Lösung anzeigen
TESTE DEIN WISSEN

when a firm is able to:

  1.  sell its products above the existing competitive level or to 
  2. reduce the costs of its primary and support activities below the competitive level,
Lösung ausblenden
TESTE DEIN WISSEN

Value-Creating Diversification

  • Economies of Scope
    • Operational Relatedness: Sharing Activities in the Value Chain
Lösung anzeigen
TESTE DEIN WISSEN

Firms can create operational relatedness by sharing either a primary activity  or a support activity.

Lösung ausblenden
TESTE DEIN WISSEN

When does Vertical Integration exist?

Lösung anzeigen
TESTE DEIN WISSEN

when a company produces its own inputs (backward integration) or owns its own source of output distribution (forward integration)

Lösung ausblenden
TESTE DEIN WISSEN

What is Multipoint competition?

Lösung anzeigen
TESTE DEIN WISSEN

exists when two or more diversified firms simultaneously compete in the same product areas or geographical markets. 

Lösung ausblenden
TESTE DEIN WISSEN

What is Synergy?

Lösung anzeigen
TESTE DEIN WISSEN

when the value created by business units working together exceeds the value that those same units create working independently.

Lösung ausblenden
TESTE DEIN WISSEN
A business-level strategy is an
Lösung anzeigen
TESTE DEIN WISSEN
integrated and coordinated set of commitments and actions the firm uses to gain a competitive advantage by exploiting core competencies in specific product markets.
Lösung ausblenden
TESTE DEIN WISSEN

A corporate-level strategy

Lösung anzeigen
TESTE DEIN WISSEN

specifies actions a firm takes to gain a competitive advantage by selecting and managing a group of different businesses competing in different product markets.

Lösung ausblenden
TESTE DEIN WISSEN

 Value-Creating D.

  • Economies of Scope
    • Corporate Relatedness: Transferring of Core Competencies
Lösung anzeigen
TESTE DEIN WISSEN

complex sets of resources and capabilities that link different businesses, primarily through managerial and technological knowledge, experience, and expertise.

Lösung ausblenden
TESTE DEIN WISSEN

The generalized forms of value that goods or services provide are?

Lösung anzeigen
TESTE DEIN WISSEN

either low cost with acceptable features or highly differentiated features with acceptable cost.

Lösung ausblenden
TESTE DEIN WISSEN

All organizations must use their ________ and _________ (the how) to satisfy_____ _______ (the what) of _____ ________ _______ _____ ________ (the who) the firm has chosen to serve.

Lösung anzeigen
TESTE DEIN WISSEN
  • capabilities
  • core competences
  • needs
  • targeted group of customers
Lösung ausblenden
TESTE DEIN WISSEN

From a strategic perspective, what is the basic need of all customers?

Lösung anzeigen
TESTE DEIN WISSEN

to buy products that create value for them.

Lösung ausblenden
  • 178 Karteikarten
  • 0 Studierende
  • 0 Lernmaterialien

Beispielhafte Karteikarten für deinen Strategic Management Kurs an der National Tsinghua University - von Kommilitonen auf StudySmarter erstellt!

Q:

Unrelated Diversification; what are financial economies?

A:

are cost savings realized through improved allocations (moving resources from one unit to another) of financial resources based on investments inside or outside the firm.

Q:

Market Power

A:

when a firm is able to:

  1.  sell its products above the existing competitive level or to 
  2. reduce the costs of its primary and support activities below the competitive level,
Q:

Value-Creating Diversification

  • Economies of Scope
    • Operational Relatedness: Sharing Activities in the Value Chain
A:

Firms can create operational relatedness by sharing either a primary activity  or a support activity.

Q:

When does Vertical Integration exist?

A:

when a company produces its own inputs (backward integration) or owns its own source of output distribution (forward integration)

Q:

What is Multipoint competition?

A:

exists when two or more diversified firms simultaneously compete in the same product areas or geographical markets. 

Mehr Karteikarten anzeigen
Q:

What is Synergy?

A:

when the value created by business units working together exceeds the value that those same units create working independently.

Q:
A business-level strategy is an
A:
integrated and coordinated set of commitments and actions the firm uses to gain a competitive advantage by exploiting core competencies in specific product markets.
Q:

A corporate-level strategy

A:

specifies actions a firm takes to gain a competitive advantage by selecting and managing a group of different businesses competing in different product markets.

Q:

 Value-Creating D.

  • Economies of Scope
    • Corporate Relatedness: Transferring of Core Competencies
A:

complex sets of resources and capabilities that link different businesses, primarily through managerial and technological knowledge, experience, and expertise.

Q:

The generalized forms of value that goods or services provide are?

A:

either low cost with acceptable features or highly differentiated features with acceptable cost.

Q:

All organizations must use their ________ and _________ (the how) to satisfy_____ _______ (the what) of _____ ________ _______ _____ ________ (the who) the firm has chosen to serve.

A:
  • capabilities
  • core competences
  • needs
  • targeted group of customers
Q:

From a strategic perspective, what is the basic need of all customers?

A:

to buy products that create value for them.

Strategic Management

Erstelle und finde Lernmaterialien auf StudySmarter.

Greife kostenlos auf tausende geteilte Karteikarten, Zusammenfassungen, Altklausuren und mehr zu.

Jetzt loslegen

Die all-in-one Lernapp für Studierende

Greife auf Millionen geteilter Lernmaterialien der StudySmarter Community zu
Kostenlos anmelden Strategic Management
Erstelle Karteikarten und Zusammenfassungen mit den StudySmarter Tools
Kostenlos loslegen Strategic Management