Question 1

The SWOT matrix is widely used as an organizational tool and,if used appropriately,does not have any significant weaknesses.

Accepted Answer

A) True 
 B)False  False

Question 2

Strategy analysis and choice largely involves making decisions based on information.

Accepted Answer

A) short- term; long- term 
B) subjective; objective 
C) objective; subjective 
D) long- term; short- term 
E) subjective; short- term 
A) short- term; long- term 
B) subjective; objective 
C) objective; subjective 
D) long- term; short- term 
E) subjective; short- term B

Question 3

For what type of company is the BCG Matrix ideal for analyzing?

Accepted Answer

A) Companies with annual sales of less than $1 million 
B) All companies 
C) Companies with annual sales greater than $1 million 
D) Large companies 
E) Companies with more than one division 
A) Companies with annual sales of less than $1 million 
B) All companies 
C) Companies with annual sales greater than $1 million 
D) Large companies 
E) Companies with more than one division E

Question 4

What type of strategy would divestiture be classified as?

Accepted Answer

A) Offensive 
B) Competitive 
C) Aggressive 
D) Defensive 
E) Conservative 
A) Offensive 
B) Competitive 
C) Aggressive 
D) Defensive 
E) Conservative

Question 5

The two positive- rated dimensions on SPACE Matrix are

Accepted Answer

A) FS and CA. 
B) CA and ES. 
C) FS and ES. 
D) FS and IS. 
E) IS and ES. 
A) FS and CA. 
B) CA and ES. 
C) FS and ES. 
D) FS and IS. 
E) IS and ES.

Question 6

The midpoint on the x- axis of a BCG Matrix is typically set at 0.05.

Accepted Answer

A) True 
 B)False

Question 7

Which matrix is included in the decision stage of the strategy formulation framework?

Accepted Answer

A) Grand Strategy Matrix 
B) Internal Factor Evaluation Matrix 
C) BCG Business Portfolio Matrix 
D) SPACE Matrix 
E) Quantitative Strategic Planning Matrix 
A) Grand Strategy Matrix 
B) Internal Factor Evaluation Matrix 
C) BCG Business Portfolio Matrix 
D) SPACE Matrix 
E) Quantitative Strategic Planning Matrix

Question 8

The major overall benefit of the BCG Matrix is that it draws attention to the cash flow,investment characteristics and needs of an organization's various divisions.

Accepted Answer

A) True 
 B)False

Question 9

The Strengths- Weaknesses- Opportunities- Threats (SWOT)Matrix,the Strategic Position and Action Evaluation (SPACE)Matrix,the Boston Consulting Group (BCG)Matrix,the
Internal- External (IE)Matrix and the Grand Strategy Matrix are included in stage two of the strategy- formulation framework.

Accepted Answer

A) True 
 B)False

Question 10

The match an organization makes between its internal resources and skills,and the opportunities and risks created by its external factors,can be defined as

Accepted Answer

A) SWOT. 
B) an opportunity. 
C) input. 
D) concept formulation. 
E) strategy. 
A) SWOT. 
B) an opportunity. 
C) input. 
D) concept formulation. 
E) strategy.

Question 11

A firm should pursue defensive strategies if the coordinates of a SPACE directional vector are (2,3).

Accepted Answer

A) True 
 B)False

Question 12

Which strategies,defined by the SWOT matrix,use a firm's strengths to avoid or reduce the impact of external threats?

Accepted Answer

A) WO 
B) SW. 
C)   ST. 
D)  WT 
E) SW 
A) WO 
B) SW. 
C)   ST. 
D)  WT 
E) SW

Question 13

Relative market share position is given on the x- axis of the BCG Matrix.

Accepted Answer

A) True 
 B)False

Question 14

What are the two external dimensions of the SPACE Matrix?

Accepted Answer

A) Competitive advantage and financial strength 
B) Industry strength and competitive advantage 
C) Financial strength and industry strength 
D) Environmental stability and industry strength 
E) Environmental stability and competitive advantage 
A) Competitive advantage and financial strength 
B) Industry strength and competitive advantage 
C) Financial strength and industry strength 
D) Environmental stability and industry strength 
E) Environmental stability and competitive advantage

Question 15

Which of the following is not a step of a SWOT Matrix?

Accepted Answer

A) List the firm's external opportunities. 
B) Match internal weaknesses with external threats and record the resultant WT strategies. 
C) List the firm's external weaknesses. 
D) List the firm's key external threats. 
E) Match strengths with external opportunities and record the resultant SO strategies in the appropriate cell. 
A) List the firm's external opportunities. 
B) Match internal weaknesses with external threats and record the resultant WT strategies. 
C) List the firm's external weaknesses. 
D) List the firm's key external threats. 
E) Match strengths with external opportunities and record the resultant SO strategies in the appropriate cell.

Question 16

What analytical tool has four quadrants based on two dimensions: competitive position and market growth?

Accepted Answer

A) Competitive Profile Matrix 
B) QSPM 
C) Internal- External Matrix 
D) Grand Strategy Matrix 
E) SPACE Matrix 
A) Competitive Profile Matrix 
B) QSPM 
C) Internal- External Matrix 
D) Grand Strategy Matrix 
E) SPACE Matrix

Question 17

An organization that has a low relative market share position and competes in a slow- growth industry is referred to as a

Accepted Answer

A) star. 
B) dog. 
C) cash cow. 
D) cowboy. 
E) question mark. 
A) star. 
B) dog. 
C) cash cow. 
D) cowboy. 
E) question mark.

Question 18

A positive feature of QSPM is that sets of strategies can be examined sequentially or simultaneously.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following terms is defined by the set of shared values,beliefs,attitudes,customs,norms,personalities,heroes and heroines that describe a firm?

Accepted Answer

A) QSPM 
B) Strategy 
C) Mission 
D) Culture 
E) Objectives 
A) QSPM 
B) Strategy 
C) Mission 
D) Culture 
E) Objectives

Question 20

To objectively evaluate feasible alternative strategies identified in Stage 2,the QSPM uses input information derived from Stage 1.

Accepted Answer

A) True 
 B)False

The SWOT matrix is widely used as an organizational tool and,if used appropriately,does not have any significant weaknesses.

Strategy analysis and choice largely involves making decisions based on information.

For what type of company is the BCG Matrix ideal for analyzing?

What type of strategy would divestiture be classified as?

The two positive- rated dimensions on SPACE Matrix are

The midpoint on the x- axis of a BCG Matrix is typically set at 0.05.

Which matrix is included in the decision stage of the strategy formulation framework?

The major overall benefit of the BCG Matrix is that it draws attention to the cash flow,investment characteristics and needs of an organization's various divisions.

The Strengths- Weaknesses- Opportunities- Threats (SWOT)Matrix,the Strategic Position and Action Evaluation (SPACE)Matrix,the Boston Consulting Group (BCG)Matrix,the Internal- External (IE)Matrix and the Grand Strategy Matrix are included in stage two of the strategy- formulation framework.

The match an organization makes between its internal resources and skills,and the opportunities and risks created by its external factors,can be defined as

A firm should pursue defensive strategies if the coordinates of a SPACE directional vector are (2,3).

Which strategies,defined by the SWOT matrix,use a firm's strengths to avoid or reduce the impact of external threats?

Relative market share position is given on the x- axis of the BCG Matrix.

What are the two external dimensions of the SPACE Matrix?

Which of the following is not a step of a SWOT Matrix?

What analytical tool has four quadrants based on two dimensions: competitive position and market growth?

An organization that has a low relative market share position and competes in a slow- growth industry is referred to as a

A positive feature of QSPM is that sets of strategies can be examined sequentially or simultaneously.

Which of the following terms is defined by the set of shared values,beliefs,attitudes,customs,norms,personalities,heroes and heroines that describe a firm?

To objectively evaluate feasible alternative strategies identified in Stage 2,the QSPM uses input information derived from Stage 1.

The Nature of Strategic Management

The Business Vision and Mission

The External Assessment

The Internal Assessment

Competing in the Global Marketplace

Strategies in Action

Implementing Strategies: Management and Operations Issues

Implementing Strategies: Marketing, financeaccounting, rd, and Mis Issues

Leadership and Culture

Strategy Review, eveluation, and Control

Filters

Exam 7: Strategy Analysis and Choice

The SWOT matrix is widely used as an organizational tool and,if used appropriately,does not have any significant weaknesses.

Strategy analysis and choice largely involves making decisions based on information.

For what type of company is the BCG Matrix ideal for analyzing?

What type of strategy would divestiture be classified as?

The two positive- rated dimensions on SPACE Matrix are

The midpoint on the x- axis of a BCG Matrix is typically set at 0.05.

Which matrix is included in the decision stage of the strategy formulation framework?

The major overall benefit of the BCG Matrix is that it draws attention to the cash flow,investment characteristics and needs of an organization's various divisions.

The Strengths- Weaknesses- Opportunities- Threats (SWOT)Matrix,the Strategic Position and Action Evaluation (SPACE)Matrix,the Boston Consulting Group (BCG)Matrix,the Internal- External (IE)Matrix and the Grand Strategy Matrix are included in stage two of the strategy- formulation framework.

The match an organization makes between its internal resources and skills,and the opportunities and risks created by its external factors,can be defined as

A firm should pursue defensive strategies if the coordinates of a SPACE directional vector are (2,3).

Which strategies,defined by the SWOT matrix,use a firm's strengths to avoid or reduce the impact of external threats?

Relative market share position is given on the x- axis of the BCG Matrix.

What are the two external dimensions of the SPACE Matrix?

Which of the following is not a step of a SWOT Matrix?

What analytical tool has four quadrants based on two dimensions: competitive position and market growth?

An organization that has a low relative market share position and competes in a slow- growth industry is referred to as a

A positive feature of QSPM is that sets of strategies can be examined sequentially or simultaneously.

Which of the following terms is defined by the set of shared values,beliefs,attitudes,customs,norms,personalities,heroes and heroines that describe a firm?

To objectively evaluate feasible alternative strategies identified in Stage 2,the QSPM uses input information derived from Stage 1.

The Nature of Strategic Management

The Business Vision and Mission

The External Assessment

The Internal Assessment

Competing in the Global Marketplace

Strategies in Action

Implementing Strategies: Management and Operations Issues

Implementing Strategies: Marketing, financeaccounting, rd, and Mis Issues

Leadership and Culture

Strategy Review, eveluation, and Control

Filters