ADMS 4900 Final: Final note

• School: York University
• Department: Administrative Studies
• Course: ADMS 4900
• Professor: Barry O' Brien

Document Summary

): consists of the analyses, decisions, and actions an organization undertakes to create and sustain competitive advantages. : (1) directs the organization toward overall goals and objectives (2) includes multiple stakeholders in decision making (3)incorporate short-term and long-term perspective (4) recognizes trade-off between efficiency and effectiveness. Uncertainty: state uncertainty ( uncertain about how a situation is going to change); response uncertainty ; outcome. Uncertainty how firms to reply to uncertainty imitation. External environment: general environment ------ pest model (four major components) Economic (e. g. , gdp, interest rates, unemployment rate) Technological (e. g. , google glass, iwatch, clouding computing, facebook, linkedin, solar energy) Cha(cid:374)ges i(cid:374) pe t (cid:272)ha(cid:374)ges i(cid:374) fir(cid:373)"s (cid:271)eha(cid:448)ior strategy: competitive environment. Resource partitioning: mergers& acquisitions (cid:1005)(cid:895) ge(cid:374)eralists e. g. ikea vs. leo(cid:374)"s, i(cid:374)effi(cid:272)ie(cid:374)t fir(cid:373) die out (cid:1006)(cid:895) pe(cid:272)ialists ikea vs. leo(cid:374)"s vs. Major li(cid:373)itatio(cid:374)s of porter"s (cid:373)odel: (cid:1005)(cid:895) tati(cid:272) (cid:1006)(cid:895) perfe(cid:272)t i(cid:374)for(cid:373)atio(cid:374) (cid:1007)(cid:895) )ero-sum game. Strategic groups: 1) not all the firms are the same.