Exam 6: Strategy Analysis and Choice

In the Boston Consulting Group (BCG) Matrix, which element represents the industry growth rate in sales, measured in percentage terms?

Although a firm positioned in Quadrant ________ of the Grand Strategy Matrix is in a growing industry, it is unable to compete effectively and needs to determine why the firm's current approach is ineffective and how to best change to improve competitiveness.

Which of these is NOT a SPACE Matrix quadrant?

Give five sets of coordinates of SPACE Matrix directional vectors that would suggest conservative strategies to be most appropriate.

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.

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

An organization's present strategies, objectives, vision, and mission, coupled with the external and internal audit information, provide a basis for

The pie slice in a BCG Matrix corresponds to the proportion of corporate revenue generated by that business unit.

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

The Boston Consulting Group (BCG) Matrix requires more information about the divisions than the Internal-External (IE) Matrix.

Alternative strategies don't come out of the blue; they are derived from the firm's vision, mission, objectives, external audit, and internal audit.

The firm should pursue conservative strategies if the coordinates of a SPACE directional vector are (-1, +4).

The size of the circle in a BCG Matrix corresponds to the proportion of corporate revenue generated by that business unit.

When a firm located in Quadrant I of the Grand Strategy Matrix is too heavily committed to a single product, related diversification may be appropriate to reduce the risks associated with a narrow product line.

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

Stage 2 in the strategy-formulation framework involves the Quantitative Strategic Planning Matrix.

Often, an effective way to gain commitment and achieve desired results is to shift from long-term to short-term issues and concerns.

Which stage of the strategy-formulation framework includes an IFE Matrix and the Competitive Profile Matrix?

Which of the following analytical tools consists of a nine-cell matrix?

A major responsibility of ________ is to guide the development of coalitions, to nurture an overall team concept, and to gain the support of key individuals and groups of individuals.