By this term is intended third persons generally. Thus the persons bound by a fiue are parties, privies, and strangers; tlie parties are either the cogni- zors or cognizees; the […]

Purchasing or selling options with the same maturity date but different strike prices taking advantage of market volatility. Refer to straddle.

When a firm is long on one put and two call options with equal strike prices creating a spread to make use of market volatility to secure unlimited profit potential […]

A user of public transport who hangs onto straps provided to steady themselves during the journey.

A deception either by words or actions, iu times of war, in order to obtain au advantage over an enemy.

Decisions designed to create favorable impact on key factors to create a desired outcome. See tactical.

Ability of a company to stay competitive by adapting and adjusting to new innovations to create new products and services.

Co-operative agreement between companies who work together towards a common objective.

Process for developing a strategy by research into the business and its environment .

Assets needed to maintain an ability to achieve future outcomes.

State combining long and short term objectives and factors in order to gain equilibrium .

Behavior coming from a group of competitors or players where they are all aware of conflicting interests.

Internal document that will (1) outline the philosophy, purpose and direction of the organization (2) examine its current status, SWOT analysis , (3) set long term objectives and (4) set […]

Organizational unit or autonomous division that is flexible and can exercise control over factors that effect long term performance .

Set of abilities, skills and resources creating competitive advantage in the long term.

Factor critical to an organization ‘s effectiveness that is controlled by a partner, affiliate or a subsidiary.

Corporate strategy relying on very tight financial targets and strategic plans.

Comparing the position of one entity’s costs to another entity.

Alternative decision affecting factors determining an organizations successful strategy.

Course of action leading to goal achievement by the strategy of an organization .

A factor that is critical in determining the failure or success of the strategy of an organization .

Approach where management locks at techniques to develop a strategic decision making plan.

Technique forecasting differences between desired levels of performance and extrapolated results of current levels.

Transition time of a company’s competition requiring the company to change its current path and adapt or risk losses of profit.

Developed by Dry, Charles Wiseman in 1982, used in information systems and created to respond to business initiatives and give a competitive advantage .