Professional Documents
Culture Documents
establish
appropriate
measures
of
accomplishment.
develop,
implement,
and
monitor
the
necessary
information systems.
4. The common corporate strategies
are
cost leadership, which refers
to maintaining a competitive
edge
by
undercutting
competitor prices.
product differentiation, which
refers to offering (generally
at a premium price) superior
quality products or more
unique
services
than
competitors
5. The value chain is a set of valueadding functions or processes that
converts inputs into products and
services for company customers,
and
organizations
add
value
through the value chain functions
of
research and development
product design
supply
production
marketing
distribution
customer service
6. A balanced scorecard
is a four perspective measure
of critical goals and targets
needed
to
operationalize
strategy.
looks at the success factors
for learning and growth,
internal business, customer
satisfaction, and stockholder
value.
includes
financial
and
nonfinancial, internal and
external,
long-term
and
short-term, and lead and lag
indicators.
competence, confidentiality,
integrity, and objectivity.
Sarbanes-Oxley
Act
that
requires corporate CEOs and
CFOs to sign off on the
accuracy of financial reports.
False
Claims
Act
that
provides for whistle-blowing
protection.
Foreign Corrupt Practices Act
that
prohibits
U.S.
corporations from offering or
giving bribes to foreign
officials to influence those
individuals to help, obtain, or
retain business.