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Threats are external factors beyond your control that could place the strategy, o
the business, at risk.
Values are the core beliefs of an individual, group, or organization that help
determine behaviors and priorities.
Opportunities assess the external attractive factors that represent the reason fo
business to exist and prosper. These are external to the business.
Stakeholder analysis refers to the range of techniques or tools used to identify a
understand the needs and expectations of major interests inside and outside the
Organization environment.
Anchoring refers to the tendency for individuals to rely too heavily on a single
piece of information
Consensus is decision making where the entire group must agree on the idea o
plan of action.
Jargon is the language of specialized terms used by a group or profession'
Majority rule refers to decision making where each member of the group is giv
a single vote, and the option that receives the greatest number of votes is
selected.
Low-quality LMX relationships the leader and the member have lower levels o
trust, liking, and respect toward each other.
Nominal Group Technique (NGT) ensures that all members participate fully i
group decision making through four steps: (1) each member records ideas
independently, (2) the group shares their ideas, (3) discussion, clarification, and
evaluation of ideas occurs, and (4) individuals vote for their favorite ideas by us
either ranking or rating techniques.
Political correctness includes using language in a non-gendered unbiased wa
to defuse the volatile nature of words and avoid stereotyping.
Receiver is the person who receives the Message. The Receiver decodes the
Message by assigning meaning to the words or nonverbal communication.
A mission statement communicates the organization’s reason for being, and how
it aims to serve its key stakeholders. Customers, employees, and investors are t
stakeholders most often emphasized, but other stakeholders like government or
communities (i.e., in the form of social or environmental impact) can also be
discussed.
Stakeholders are individuals or groups who have an interest in an organization’s
ability to deliver intended results and maintain the viability of its products and
services.
BHAG is an acronym that stands for a big, hairy, audacious goal – bold enough t
ignite energy and enthusiasm but still achievable.
Synergy exists when the interaction of two or more activities creates a combine
effect greater than the sum of their individual effects.
Vision statement is a future-oriented declaration of the organization’s purpose a
aspirations.
Lack of source familiarity or credibility can derail communications, especia
when humor is involved.