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Encouraging people to exercise self-discipline in performing a job
Implement policies and procedures to guide organization
Influence behavior through norms and expectations set forth in organization culture
Influence of competition on organization
Serves external users, relates to activities of firm as a whole
Serves internal users, helps in planning, forward looking rather than historical
Snapshot of a firm's financial condition at a point and time
Evaluates a company's performance over a period of time
Current Assets/ Current Liabilities
(Current Assets- (Inventory + Prepaid Expenses)/ Current Liabilities
Total Liabilities/ Total Assets
Accounts Receivable/Average Daily Sales* (*Net sales/365)
Cost of Goods Sold / Average Inventory* (Beginning Inventory+ Ending Inventory)/2
Net income/Sales
Net Income/Shareholders Equity
Outcome of Planning, Guides resource allocation and Assists in achieving organizational goals
Walmart's suppliers most likely have a low this
Netflix taking down Blockbuster is an example of
The 3rd step of the Strategy Process
Walmart has this advantage ______
Control system and performance monitor of top management
Last step in Lewin's Model
An aspect of why people might not want to change
Direct force on resisters
A possible con of teamwork
Occurs when individuals or groups have incompatible goals, and this has potential to block goal attainment
Working from home is a trend of?
I can be Geographical, Demographical and/or Psychometrical
Petro Points is example of?
Sales increase, profits peak then starts to decline as new companies enter market
Low price and less profit, but can help gain market share
Putting a product at 19.99$ is an example of
Organization who sells to other businesses who then sell to consumer
Can be presented in a news story form
Attempts to connect directly with customers
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