. DEFINITIONS (20 pts.) A. Strategic Leaders B. Strategic Management Process C. Vision D. Stakeholder E. Core Competencies F. General Environment G. Strategic Group H. Opportunity I. Demographic Segment J. Sociocultural Segment 1) is a condition in the general environment that, if exploited effectively, effectively, 2) D_ are the individuals, groups, and organizations that can affect he firm’s vision and 3) is composed of dimensions in the broader society that influence an industry and 4) is concerned with a population’s size age structure, geographic distribution, ethnic 5) are people located in different areas and levels of the firm using the strategic helps a company reach strategic competitiveness. mission, are affected by the strategic outcomes achieved, and have enforceable claims on the firm’s performance. the firms within it. mix, and income distribution. management process to select strategic actions that help the firm achieve its vision and fulfill its mission. 6) is a picture of what the firm wants to be and, in broad terms, what it wants to A set of firms emphasizing similar strategic dimensions and using a similar is concerned with a society’s attitudes and cultural values. ultimately achieve. 7) strategy 8) 9) are capabilities that serve as a source of competitive advantage for a firm over its rivals. 10) is the full set of commitments, decisions, and actions required for a firm to achieve strategic competitiveness and earn above a IL. SHORT ESSAY 1. What are the steps in the I/O Model of Above Average Returns? Briefly describe. (10 verage returns. pts.) A. B. C.