Chapter 6 Corporate-Level Strategy Colorado State University Copyright © 2004 South-Western All rights reserved. R. Dennis Middlemist PowerPoint slides by: Knowledge Objectives • Studying this chapter should provide you with the strategic management knowledge needed to: Define corporate-level strategy and discuss its importance to the diversified firm. Describe the advantages and disadvantages of single- and dominant- business strategies. Explain three primary reasons why firms move
Premium Strategic management
Corporate Strategy In Corporate Strategy‚ Collis and Montgomery explain there are two kinds of diversification—linked and constrained. Companies using linked diversification enter new businesses when it relates in some way to another business they are already in (it is linked to it)‚ but does not necessarily have any connection to their other businesses. If they are using constrained diversification‚ however‚ they only enter a new business if it is based on their core resources or competencies.
Free Apple Inc.
Schools of Thought in Management Why knowledge of the evolution of management theories is important to managers • Contributions in management came from intellectuals with widely different backgrounds‚ so no unified theory of management • So over a period of time‚ various approaches for managerial analysis have been developed • These approaches are widely known as approaches/patterns/schools of management thought Time Line of Management Thought 3 Classical Management Theory
Premium Management
Distinguish between operant conditioning‚ observational learning‚ and social learning. How are these different kinds of learning utilized in the work place? Give specific examples for each one. Operant conditioning is a theory that is useful when applied to the workplace in several ways. It addresses how employees interact with one another and with clients to how financially successful a company is annually. Operant learning is positive reinforcement. Another example of operant conditioning would
Free Reward system Reinforcement Operant conditioning
1.Distinguish between pidgins and creoles. Pidgin language is a simplified language that develops as a means of communication between two or more groups that do not have a language in common. It is most commonly used in situations such as trade‚ or where both groups speak languages different from the language of the country in which they live in (but where there is no common language between the groups). In addition‚ pidgins have a distinct set of characteristics that make them differ from the
Premium Lingua franca
Corporate Strategies MGT/230 November 24‚ 2014 Corporate Strategies Strategies During our group discussion‚ it was agreed that all the CEO’s in the video valued their employees and treat them as a team. They all found a way to take advantage of their employees in a way that would result in positive effects for their companies. The strategy each CEO chose to take resulted in a respect among the higher level employees and the lower level of employees. The two corporate strategies the four
Premium Management Planning Plan
Distinguish between Facts and Inferences My wife does it all the time. She will make an assumption based on an inference. Last week‚ we were going to my brother’s house for our annual Christmas party‚ we do that in the month of January‚ and a car happened to pass us in a quick hurry‚ she said to the person driving‚ “do not get mad at me‚ I did not set the speed limit at 55 miles per hour.” I then‚ asked her‚ “how do you know that person is mad at you‚” because she said‚ “he revved
Premium Reasoning Word Logic
VENTURE STRATEGY AND EXTERNAL VENTURE STRATEGY by: Mary Ynde O. Araño STATEGIC VARIATIONS EXPANSION INTERNAL EXTERNAL UNRELATED HORIZONTAL VERTICAL ACTIVE PASSIVE WHY VENTURE STRATEGIES? The most successful companies are those that have developed aggressive venture strategies and have made ventures critical components of their strategic and operating success. Venture strategy can be… • Internal venture strategy • External venture strategy INTERNAL VENTURE STRATEGY • A vehicle
Premium Strategic management Mergers and acquisitions Marketing
1. Distinguish between power and authority Power is the ability to coerce or force someone to do your will even if in some cases they may not want to. Authority is the skill of making people willingly do your will. It also the right to give orders‚ enforce obedience or make decisions. 2. Compare and contrast the features of the leadership of bands‚ tribes‚ chiefdoms and state societies A chiefdom is a form of hierarchical political organization in non-industrial societies usually based
Free Sociology
8 5.1 Stability Strategy 9 5.2 Defensive Strategy 9 6.0 Justification of Strategy 9 7.0 Conclusions 10 8.0 References 11 1.0 Executive Summary IOI Group is a company listed in Bursa Malaysia that business include palm oil plantation‚ properties and investment. mainly focusing IOI Group organization strategy is towards entering into globalization as every business is aiming to expanding. Certain corporate strategy components to be looked into
Premium Strategic management