GMS 200 Chapter Notes - Chapter 7: Dollarama, Cash Flow, Retail

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Deborah De Lange

Document Summary

Social entre (something other than profit) ashoka changemaker campus. Characteristics and antecedents of entrepreneurs nature vs nurture, Strategy: comprehensive action that identifies long term direction for organization and guides resource utilization to accomplish goals with sustainable competitive advantage (implanting 3 pillar economic, social, environmental) Strategic management: process of formulating and implementing strategies to accomplish long- term goals and sustainable competitive advantage. Strategic analysis: process of analyzing the organization, environment, organizations competitive position and current strategies. Strategy formulation: process of create strategies to guide the allocation of resources. Strategy implementation: process of putting strategies into action. Strategy implementation: process of allocating resources and putting strategies into action. Competitive advantage: refer to operate with an attribute or set of attributes that allow an organization to outperform its rivals. Strategic intent: focuses and applies organization energies on unifying and compelling goal. Cost and quality - operating efficiency and quality. Knowledge and speed innovation and speed of delivery for new ideas.