ACCTG 1 Lecture Notes - Lecture 18: European Cooperation In Science And Technology, Indium Phosphide
Document Summary
=one of 2 major decision categories addressed by a strategy; includes tangible resources (building, equipment etc. ) = 1 of 2 major decision categories addressed by a strategy; includes policies, people, decision rules, organizational structure choices made by firm. = mechanism by which a business coordinates its decisions regarding structural & infrastructural elements. Michael porter: strategy is creating fit among the company"s activities. >distinguish between corporate / business unit strategy) to the organization, called core values; it identifies organization"s domain. Business strategy = strategy that identifies a firm"s targeted customers and sets time frames: also: identify & support development of core competencies in the operations and supply and performance objectives for the business chain areas. Core competencies = an organizational strength/ ability, developed over a long period, that customers find valuable & competitors difficult/ impossible to copy: can take many forms & even shifts over time.
