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Terms in this set (12)strategy formulation process of deciding on a strategic direction by defining a company's mission and goals, its external opportunities and threats, and internal strengths and weaknesses strategy implementation process of devising structures and allocating resources to enact the strategy a company has chosen goals what an organization hopes to achieve in the medium- to long-term future. external analysis Examining the organization's operating environment to identify strategic opportunities and threats. internal analysis The process of examining an organization's strengths and weaknesses. job analysis process of getting detailed information about jobs job design The process of defining the way work will be performed and the tasks that a given job requires recruitment The process of seeking applicants for potential employment. selection the process by which an organization attempts to identify applicants with the necessary knowledge, skills, abilities, and other characteristics that will help it achieve its goals. training a planned effort to facilitate the learning of job-related knowledge, skills, and behavior by employees. development the acquisition of knowledge, skills, and behaviors that improve an employee's ability to meet changes in job requirements and in client and customer demands. performance management the means through which managers ensure that employee's activities and outputs are congruent with the organization's goals. Recommended textbook solutions
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Which of the following describes the ways an organization will attempt to fulfill its mission and achieve its long(5) Strategic choice: The strategic choice is the organization's strategy. It describes the ways the organization will attempt to fulfill its mission and achieve its long-term goals. List the five important variables that determine success in strategy implementation.
What type of strategy is used by a firm that focuses on what it does best within established markets internal growth concentration external growth divestment?Companies using concentration strategies attempt to focus on what they do best within their established markets.
Are what the organization hopes to achieve in the medium to longstrategic planning groups decide on a strategic direction by defining the company's mission and goals, its external opportunities and threats, and its internal strengths and weaknesses. what the organization hopes to achieve in the medium- to long-term future; they reflect how the mission will be operationalized.
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Examining the organizations operating environment to identify strategic opportunities and threats
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