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Business Strategy Terms and Definitions, Quizzes of Hospitality and Tourism

Michigan State University (MSU)Hospitality and Tourism

Business StrategyStrategic ManagementOrganizational BehaviorMarket Analysis

Definitions for various terms related to business strategy, including enactment, deliberate strategy, emergent strategy, effective strategic planning, resource-based view, stakeholder view, situation analysis, strategic direction, strategy implementation, strategic thinking, benefits of strategic approach, creative leaders, social responsibility, fad, trend, porter's 5 forces, economic actions, political actions, utilitarian theory, universalist theory, tangible resources, and intangible resources.

What you will learn

What are the benefits of adopting a strategic approach to managing?
What is enactment in the context of strategic management?
What is the difference between deliberate strategy and emergent strategy?

Typology: Quizzes

2014/2015

Uploaded on 10/05/2015

wojniakt 🇺🇸

7 documents

1 / 5

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Download Business Strategy Terms and Definitions and more Quizzes Hospitality and Tourism in PDF only on Docsity! TERM 1 Enactment DEFINITION 1 A firm can influence it's environment in which it competes. TERM 2 Deliberate Strategy DEFINITION 2 Pursue an intended strategic course TERM 3 Emergent Strategy DEFINITION 3 One that was not planned or intended TERM 4 Effective Strategic Planning DEFINITION 4 Deliberate, emergent, adapt to environments TERM 5 Resource-based View (Organizational Knowledge & Learning) DEFINITION 5 Financial, Physical, Human, General Organizational TERM 6 Stakeholder View DEFINITION 6 Relate to external environment:Suppliers, Unions, Customers, Competitors, Financial Intermediaries, Government Agencies, Media, Local Community, Activist Group TERM 7 Situation Analysis DEFINITION 7 Evaluation of external environment and organization. TERM 8 Strategic Direction DEFINITION 8 Mission and Goals(Vision) TERM 9 Strategy Implementation DEFINITION 9 Strategies vary from country to country. TERM 10 Strategic Thinking Characteristics DEFINITION 10 Intent Focused, Comprehensive, Opportunistic, Long-Term oriented, Built on past/present, Hypothesis-driven

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Business Strategy Terms and Definitions, Quizzes of Hospitality and Tourism

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