Chapter IV

They affect and are affected by the achievement of organization's mission goals&strategies

Strategy that operates a single business and compete in a single industry

An organization basic purpose and scope of operations

Identifying the specific procedures and process required at lower levels of the organization

Evaluate the organization progress regarding it's strategy&taking corrective actions

Managers formulate and implement strategic goals and strategies

Everyone must understand the plan, have the resources to implemented, and be motivated to do so

Targets or end results that relate to the long-term,survival,value & growth of the organization

Continually monitor the actual performance of their work units against the units goals and plan

Comparison of strengths, weakness,opportunities&threats that help executives formulate strategy

Strateg that adds new business that produce related products or are involved in related markets

A pattern of actions and resource allocations designed to achieve the organization's goals

Managers will select the option that is most appropriate & the priorities among the goals&plans

Used to build competitive advantage by being unique in its industry or market segment

Process of gather,interpret and summarise all information revelant to the planning issue.

Are the actions or means managers intend to use to achieve organizational goals

Process of making decisions about goals and activities.

Procedures for making decisions about the organization's long-term goals and strategies

Acquisition of new business that produce parts of components of the organization's product

A target, specific, measurable attainable, relevant, time-bound

Business markets or industries in which an organization competes and distribution resources

Actions to be taken when a company's initial plans haven't work and require a sudden change

A narrative that describes a particular set of future conditions

Inputs to a system that can enhance performance

Use to build competitive advantage by being efficient and offering a standard,no-frills product

Should stress creativity and encouraged to think in broad terms

Assessing how well our company's basic functions and skills compare with those of another one

Is the long-term direction and strategic intent of a company

Specific goals and plans that are relevant to a distinct portion of the organization