Key Terms in Strategic Management Competitive Advantage * Anything that a firm does especially well compared to rival firms. * A firm must strive to achieve competitive advantage by: 1) Continually adapting to changes in external trends and events and internal capabilities‚ competencies and resources. 2) Effectively formulating‚ implementing and evaluating strategies that capitalize on those factors. Strategists * Usually found in high levels of management (CEO)
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OSI in China: Pre-assignment OSI China is a difficult situation because they have already invested a large amount of capital‚ time and are currently left with 80% of the chicken after vertical integration. All four options to consider are mixed with unpredictable outcome regardless of the option and will depend heavily on the company’s capabilities and resources. Since 80% of the chicken is currently available for sale with no demand from Chinese customers one of the solutions OSI can consider
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Chapter 1-Pre-Historic Art Key Terms Attributes- Symbolic object or objects that identify a particular deity‚ saint‚ or personification in art Ceramics- Wares made of baked clay Corbel vault- Dolmen- Prehistoric sculpture made up of or more large stones supporting a large‚ flat‚ horizontal slabs Capstones- The final topmost stone in corbel arch or vault which joins the sides and completes the Structure Henge- Circular area enclosed by stones or wood posts set up by Neolithic
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information available about a fraud. | Financial statement | Reports such as the balance sheet‚ income statement‚ and statement of cash flows that summarize the financial status and results of operations of a business entity. | Fraud | A generic term that embraces all the multifarious means that human ingenuity can devise‚ which are resorted to by one individual‚ to get an advantage over another by false representations. No definite and invariable rule can be laid down as a general proposition
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Problem 2: Exploring Human Physiology – Key Terms Term Definition Alternative Hypothesis What the experimenter thinks may be true or wishes to be true before he or she begins an experiment. Also called the research hypothesis. Causal Relationship A relationship in which one factor can be said to be the cause of another. This relationship can be tested with controlled experiments. Correlation The degree of relationship between two variables. Cross Sectional Study A research study that involves a
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Key Terms/ Key People imperialism: a policy of extending a country’s power and influence through diplomacy or military force. militarism: the belief or desire of a government or people that a country should maintain a strong military capability and be prepared to use it aggressively to defend or promote national interests. Triple Alliance: an alliance between England‚ France‚ and the republic of the 7 united netherlands. Triple Entente: was the alliance linking Russia‚ France‚ and Britain after the
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1- Management Accounting in Context Budget Quantitative expression of a proposed plan of action by management for a specified period and an aid to coordinating what needs to be done to implement that plan Chartered Institute of Management Accountants International professional body of management accountants with members in 165 countries‚ including Australia Chief Financial Officer Executive responsible for overseeing the financial operations of an organisation. Also called financial director Control
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Restless Earth Key Terms... Key Term Meaning Anticline A fold that is convex up and has its oldest beds at its core. Ash cloud A large cloud of smoke and debris that forms over a volcano after it erupts. Collision zone When 2 continental plates collide. Neither plate is forced under the other‚ nor so both are forced up and form fold mountains. Composite volcano Composite volcanoes are made up of alternating layers of lava and ash (other volcanoes just consist of lava). They are usually found at
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Examples of Key Literary Terms ENG 125 Week 1 Discussion 2 Farce – A comedy; a short play‚ in which both subtle humor and hilarity are developed through impossible situations‚ exaggeration and (often) ridiculous antics. Example: Shakespeare used this structure in most of his comedies‚ sometimes introducing miraculous or supernatural incidents to order to end the play harmoniously in marriage festivities. Genre – A genre can be broken down in many categories of literature-prose‚ poetry‚ and drama-and
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KEY TERMS Production Organization: Organization that produces tangible goods that can be mass-produced and stored for later consumption. Service Organization: Organization that produces intangible goods that require consumer participation and cannot be stored. Operation Management: Complex management activity that includes planning production‚ organizing resources‚ directing operations and personal and monitoring system performance. Productivity: Measure of how well an operations
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