BU111 Study Guide - Midterm Guide: Customer Switching, Switching Barriers, Bargaining Power
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BU111 Full Course Notes
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They are getting value for my money. Make them feel the business is important (make them interested) Take pride in quality and service of product. Control key input so get good cheaper/better quality. Capabilities all of the resources what can we accomplish. Leadership do we have a strong leadership. Culture how the business acts/business" style. Resources influence management preferences (decisions made based on resources) Management preference determine what resources we acquire (do we buy more capital good or human) Organization culture determines how your type of strategy. Must deal with the strategy-environment link: what are your threats/opportunities in the condition of the environment, variables that drive/constrain strategy. Your resources determine your business potential/capabilities to create a strategy. Mid-term review: how managers view environment influences decisions/preferences, strategy satisfy personal preference, how one prefers to organize business effects organization. Alignment of strategy ensures strategy is fit for the environment conditions. Environmental risk strategy not in alignment.
