BPS 4305 Study Guide - Midterm Guide: Knowledge Management, Social Network, Reserve Requirement
6 Sep 2016
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More in each 1-3 chapters than chapter 4. 90% but not all: the different views of leadership. Romantic view leader is key force in organization"s success. External control perspective external forces determine the organization"s success: the key components of strategic management process. Process: analysis study of a firm"s external and internal environments and their fit with organizational vision and goals. Mission: focused, incorporate stakeholder management, company special and different, change when competitive conditions change. Strategy is dictated by the external environment of the firm: 2. Firm develops internal skills required by external environment. Resource-based model: performance due to unique resources and capabilities rather than structural characteristics, 1. Strategy dictated by firm"s unique resources and capabilities: 2. Intellectual assets: formulation decisions made by firms regarding investments, commitments and other aspects of operations that create and sustain competitive advantage. Business-level strategy how to compete in a given business to attain competitive advantage.
