Reference no: EM132895563

1.The difference between a friendly and hostile takeover is solely in the manner in which the company is taken over. In a friendly takeover, the target company's management and board of directors. However, in a hostile takeover, the management and board of directors of the targeted company oppose the intended takeover.

2 A joint venture (JV) is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity.

3 A strategic group is defined as a set of firms within an industry pursuing a similar strategy. An industry may contain from one to many strategic groups. For example, the airline industry includes multiple strategic groups such as legacy carriers, low-cost carriers, niche operators, and international carriers.

4. Corporate governance is the combination of rules, processes or laws by which businesses are operated, regulated or controlled. The term encompasses the internal and external factors that affect the interests of a company's stakeholders, including shareholders, customers, suppliers, government regulators and management.

5 Backward integration is a form of vertical integration in which a company expands its role to fulfill tasks formerly completed by businesses up the supply chain. In other words, backward integration is when a company buys another company that supplies the products or services needed for production.

6 What Is Strategic Outsourcing? Strategic outsourced services represent a set of operations that are delegated by a company for management to a third-party service provider. Most commonly, this process is associated with small companies that do not have enough resources to manage all tasks themselves.

7 Procedure is a subprogram or the function programmed to executed the particular task where as the program is a group of instructions to carry out a specified task whereas the process is a program in execution.Program is the series of software packages built to carry out a particular task.

8 Entrepreneurial Mode: In the entrepreneurial mode, strategy is developed mainly by a strong visionary chief executive who actively searches for new opportunities, is heavily oriented towards growth and is willing to make bold decisions or to shift strategies whenever necessary.

9 Business Dictionary defines the adaptive mode as a state in which short-term strategies work hand-in-hand with long-term strategic decisions. It is a mode that is likely to be adopted when a company needs to respond to a problem or adapt to changing circumstances in the marketplace

10 The planning mode controls how the system is to deal with procurement proposals (planned orders, purchase requisitions, scheduling agreement lines) from the last planning run, which are not yet firmed , in the next planning run.