Question 1

BCG Matrix requires more information about the divisions than the IE Matrix.

Accepted Answer

A) True 
 B)False

Question 2

Which stage of the strategy formulation framework includes an Internal Factor Evaluation Matrix and a Competitive Profile Matrix?

Accepted Answer

A) Input 
B) Matching 
C) Research 
D) Penetration 
E) Decision 
A) Input 
B) Matching 
C) Research 
D) Penetration 
E) Decision

Question 3

Focusing on Higher- Order Issues means it is often possible to achieve similar results using different means or paths.

Accepted Answer

A) True 
 B)False

Question 4

In a SPACE analysis,what does a (+6,+3)strategy profile portray?

Accepted Answer

A) A weak financial position 
B) A strong industry 
C) A weak industry 
D) A stable environment 
E) An unstable environment 
A) A weak financial position 
B) A strong industry 
C) A weak industry 
D) A stable environment 
E) An unstable environment

Question 5

According to the Grand Strategy Matrix,organizations in which quadrant have a strong competitive position but are in a slow- growth industry?

Accepted Answer

A) III 
B) II 
C) V 
D) IV 
E) I 
A) III 
B) II 
C) V 
D) IV 
E) I

Question 6

Which quadrant of the Grand Strategy Matrix contains firms that are in an excellent strategic position?

Accepted Answer

A) III 
B) II 
C) IV 
D) I 
E) V 
A) III 
B) II 
C) IV 
D) I 
E) V

Question 7

Conservative strategies in a SPACE Matrix most often include product development,market development,market penetration and concentric diversification.

Accepted Answer

A) True 
 B)False

Question 8

What type of strategies would you recommend when a firm's SPACE Matrix directional vector has the coordinates (- 2,+3)?

Accepted Answer

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

Question 9

Which section of the SWOT Matrix involves matching internal strengths with external opportunities?

Accepted Answer

A) The WO cell 
B) The ST cell 
C) The SO cell 
D) The WT cell 
E) The SW cell 
A) The WO cell 
B) The ST cell 
C) The SO cell 
D) The WT cell 
E) The SW cell

Question 10

What is the highest number of strategies that can be examined at one time with the QSPM?

Accepted Answer

A) 10 
B) 2 
C) 1 
D) 5 
E) There is no limit. 
A) 10 
B) 2 
C) 1 
D) 5 
E) There is no limit.

Question 11

A sustainability report provides information on a firm's social- responsibility practices.

Accepted Answer

A) True 
 B)False

Question 12

Which stage of the strategy- formulation framework involves the Quantitative Strategic Planning Matrix?

Accepted Answer

A) Stage 1 
B) Stage 5 
C) Stage 3 
D) Stage 4 
E) Stage 2 
A) Stage 1 
B) Stage 5 
C) Stage 3 
D) Stage 4 
E) Stage 2

Question 13

Explain the concept of matching in the strategy formulation framework.Give at least three examples of matching.

Accepted Answer

Matching external and internal

Question 14

Successful strategists minimize their own political exposure on issues that are highly controversial,and in circumstances where opposition from major power centers is likely.

Accepted Answer

A) True 
 B)False

Question 15

Which strategies,defined by the SWOT matrix,aim at improving internal weaknesses by taking advantage of external opportunities?

Accepted Answer

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

Question 16

Strategy changes may be highly effective and productive if a supportive culture does not exist.

Accepted Answer

A) True 
 B)False

Question 17

Sustainability is the idea that a business can meet its financial goals without hurting customers.

Accepted Answer

A) True 
 B)False

Question 18

Which strategy would be most appropriate for a company classified as a Dog?

Accepted Answer

A) Product development 
B) Market development 
C) Retrenchment 
D) Market penetration 
E) Forward integration 
A) Product development 
B) Market development 
C) Retrenchment 
D) Market penetration 
E) Forward integration

Question 19

The top row of a Quantitative Strategic Planning Matrix consists of alternative strategies derived from all of these except

Accepted Answer

A) CPM Matrix. 
B) IE Matrix. 
C) BCG Matrix. 
D) Grand Strategy Matrix. 
E) Space Matrix. 
A) CPM Matrix. 
B) IE Matrix. 
C) BCG Matrix. 
D) Grand Strategy Matrix. 
E) Space Matrix.

Question 20

The limitations of a BCG Matrix include all of these except

Accepted Answer

A) other variables such as size of market and competitive advantage are not considered. 
B) not reflecting divisional or industry growth over time. 
C) viewing every business as a star,cash cow,dog or question mark can be an oversimplification. 
D) requiring at least three years' worth of data. 
E) not allowing a company to be classified as somewhere in between two categories. 
A) other variables such as size of market and competitive advantage are not considered. 
B) not reflecting divisional or industry growth over time. 
C) viewing every business as a star,cash cow,dog or question mark can be an oversimplification. 
D) requiring at least three years' worth of data. 
E) not allowing a company to be classified as somewhere in between two categories.

BCG Matrix requires more information about the divisions than the IE Matrix.

Which stage of the strategy formulation framework includes an Internal Factor Evaluation Matrix and a Competitive Profile Matrix?

Focusing on Higher- Order Issues means it is often possible to achieve similar results using different means or paths.

In a SPACE analysis,what does a (+6,+3)strategy profile portray?

According to the Grand Strategy Matrix,organizations in which quadrant have a strong competitive position but are in a slow- growth industry?

Which quadrant of the Grand Strategy Matrix contains firms that are in an excellent strategic position?

Conservative strategies in a SPACE Matrix most often include product development,market development,market penetration and concentric diversification.

What type of strategies would you recommend when a firm's SPACE Matrix directional vector has the coordinates (- 2,+3)?

Which section of the SWOT Matrix involves matching internal strengths with external opportunities?

What is the highest number of strategies that can be examined at one time with the QSPM?

A sustainability report provides information on a firm's social- responsibility practices.

Which stage of the strategy- formulation framework involves the Quantitative Strategic Planning Matrix?

Explain the concept of matching in the strategy formulation framework.Give at least three examples of matching.

Successful strategists minimize their own political exposure on issues that are highly controversial,and in circumstances where opposition from major power centers is likely.

Which strategies,defined by the SWOT matrix,aim at improving internal weaknesses by taking advantage of external opportunities?

Strategy changes may be highly effective and productive if a supportive culture does not exist.

Sustainability is the idea that a business can meet its financial goals without hurting customers.

Which strategy would be most appropriate for a company classified as a Dog?

The top row of a Quantitative Strategic Planning Matrix consists of alternative strategies derived from all of these except

The limitations of a BCG Matrix include all of these except

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

BCG Matrix requires more information about the divisions than the IE Matrix.

Which stage of the strategy formulation framework includes an Internal Factor Evaluation Matrix and a Competitive Profile Matrix?

Focusing on Higher- Order Issues means it is often possible to achieve similar results using different means or paths.

In a SPACE analysis,what does a (+6,+3)strategy profile portray?

According to the Grand Strategy Matrix,organizations in which quadrant have a strong competitive position but are in a slow- growth industry?

Which quadrant of the Grand Strategy Matrix contains firms that are in an excellent strategic position?

Conservative strategies in a SPACE Matrix most often include product development,market development,market penetration and concentric diversification.

What type of strategies would you recommend when a firm's SPACE Matrix directional vector has the coordinates (- 2,+3)?

Which section of the SWOT Matrix involves matching internal strengths with external opportunities?

What is the highest number of strategies that can be examined at one time with the QSPM?

A sustainability report provides information on a firm's social- responsibility practices.

Which stage of the strategy- formulation framework involves the Quantitative Strategic Planning Matrix?

Explain the concept of matching in the strategy formulation framework.Give at least three examples of matching.

Successful strategists minimize their own political exposure on issues that are highly controversial,and in circumstances where opposition from major power centers is likely.

Which strategies,defined by the SWOT matrix,aim at improving internal weaknesses by taking advantage of external opportunities?

Strategy changes may be highly effective and productive if a supportive culture does not exist.

Sustainability is the idea that a business can meet its financial goals without hurting customers.

Which strategy would be most appropriate for a company classified as a Dog?

The top row of a Quantitative Strategic Planning Matrix consists of alternative strategies derived from all of these except

The limitations of a BCG Matrix include all of these except

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