Chapter 9

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8 Terms

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Strategic risks

potential losses from poor business decisions; product mix, supplier choice, & financing options

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Strategy should make companies more

competitive, alert to their circumstances, & resilient

3
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Strategy

long range plan for achieving something or reaching a goal

4
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Causes of failed strategies

financial, macroeconomics, & geopolitical risks

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Supply chain

system of organizations, people, activities, information, & resources involved in moving a product or service from supplier to customer 

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Supply chain process

planning, sourcing, manufacturing, delivery, & customer service/reverse logistics

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Supply chain risk

anything that can interrupt the ultimate product delivery

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