GMS 200 Lecture : MGT CHAP9.doc

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Masoomeh Moharrer

Document Summary

Today"s highly competitive business environment places a premium on effective __________ and. __________ as prerequisites for organizational success: time management operations management, inventory control tactical management, strategy employee discipline, strategy strategic management, performance measurement strategic management. Strategic competitiveness (study question 1: when an organization has __________, it is operating with an attribute or combination of attributes that allows it to outperform its competitors, competitive success, competitive effectiveness, competitive advantage, dominating competition, monopolistic behaviour. __________ is one that is difficult for competitors to imitate: superior performance capability, hypercompetitive success, sustainable competitive success, ongoing competitive effectiveness, sustainable competitive advantage. __________ refers to an action focus that links an organization to its environment: objective setting, ecological management, problem-solving, strategy, decision making. __________ refers to an organization focusing its energies on a unifying and compelling target: strategic intent, the operational plan, the functional plan, strategic thinking, managing with sound objectives.