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Terms and Definitions in Strategic Management and Leadership, Quizzes of Business Policy and Regulation

Definitions for key terms related to strategic management and leadership, including romantic view of leadership, external control view, strategic management process, intended strategy, realized strategy, zero sum, symbiosis, share value, triple bottom line, local line leaders, executive leaders, internal network, vision, mission statement, and strategic objectives.

Typology: Quizzes

2013/2014

Uploaded on 02/05/2014

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TERM 1
romantic view of leadership
DEFINITION 1
situations in which the leader is the key force determining
the organizations success or lack thereof.
TERM 2
external control view of leadership
DEFINITION 2
situations in which external forces, where the leader has
limited influence, determine the organizations success.
TERM 3
strategic management
DEFINITION 3
the analyses, decisions, and actions organization undertakes
in order to create and sustain competitive advantage.
TERM 4
key attributes of strategic
management
DEFINITION 4
directs the organization toward overall goals and objectives.
Includes multiple stakeholders in decision making. needs to
incorporate short term and long term perspectives.
recognizes trade offs between efficiency and effectiveness.
TERM 5
intended strategy
DEFINITION 5
strategy in which organizational decisions are determined
only by analysis
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romantic view of leadership

situations in which the leader is the key force determining the organizations success or lack thereof. TERM 2

external control view of leadership

DEFINITION 2 situations in which external forces, where the leader has limited influence, determine the organizations success. TERM 3

strategic management

DEFINITION 3 the analyses, decisions, and actions organization undertakes in order to create and sustain competitive advantage. TERM 4

key attributes of strategic

management

DEFINITION 4 directs the organization toward overall goals and objectives. Includes multiple stakeholders in decision making. needs to incorporate short term and long term perspectives. recognizes trade offs between efficiency and effectiveness. TERM 5

intended strategy

DEFINITION 5 strategy in which organizational decisions are determined only by analysis

strategic management process

strategy analysis, strategy formulation, and strategy implementation TERM 7

realized strategy

DEFINITION 7 strategy in which organizational decisions are determined by both analysis and unforeseen environmental developments, unanticipated resource constraints and/or changes in managerial prefernces TERM 8

zero sum

DEFINITION 8 the role of management is to look upon the various stakeholders as competing for the organizations resources. The gain of one individual or group is the loss of another individual or group. TERM 9

symbiosis

DEFINITION 9 recognizes that stakeholders are dependent upon each other for their success and well being. TERM 10

share value

DEFINITION 10 this new concept of capitalism redefines the purpose of the corporation

mission statement

a set of organizational goals that include both the purpose of the organization, its scope of operations, and the basis of its competitive advantage. TERM 17

strategic objectives

DEFINITION 17 a set of organizational goals that are used to operationalize the mission statement and that are specific and cover a well defined time frame