MGMT 494BI - Chapter one

Strategy definition
Click the card to flip 👆
1 / 11
Terms in this set (11)
a model that suggests corporate social responsibility is composed of economic, legal, ethical, and philanthropic responsibilities and that the firm's economic performance supports the entire structure

The pyramid symbolizes the need for firms to carefully balance their social responsibilities. Doing so ensures effective strategy implementation and long-term viability.
Different stages of AFI framework? What does this framework do?Effectively managing the strategy process is the result of: - Analysis (A). - Formulation (F). - Implementation (I) - Explains and predicts differences in firm performance. - Helps leaders formulate and implement a strategy that can result in superior performance.