Strategic Management Terms (Part 2)

A cognitive process that involves the generation and application of unique business insights.

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Visual representation of the competitive positions of companies in an industry.

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The arenas where firms obtain inputs to develop and implement strategies.

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A moment when an organization must change its strategy to succeed in the future.

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A specific action or project designed to help achieve an organization's strategic goals.

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Using accounting information for strategic decision-making.

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A dedicated meeting where organizational leaders focus on strategic planning away from the usual work environment.

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The potential for an organization's strategy to fail or be negatively impacted by external factors.

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Tools and processes used to monitor and adjust an organization's strategy.

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A company that imitates the strategies of other successful firms.

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