BUSI 610 Chapter Notes - Chapter 2: Hybrid Organization, Training And Development, Cost Leadership
22 Jan 2017
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Organizational goal: desired state of affairs that the organization attempts to reach, goal represents a result or end point toward which organizational efforts are directed. A company"s strategic intent or direction reflects managers" systematic analysis of organizational and environmental factors. Refers to the formally stated definition of business scope and outcomes the organization is trying to achieve: core competence. Something that the organization does especially well in comparison to its competitors: competitive advantage. Refers to what sets the organization apart from others and provides it with a distinctive edge for meeting customer or client needs in the marketplace. Hybrid organization: organization that mixes value systems and behaviors that represent two different sectors of society, which leads to tensions and conflict within the organization over goals and priorities. Strategy: plan for interacting with the competitive environment to achieve organizational goals, types (2, differentiation. Organization attempts to distinguish its products or services from others in the industry.
