Question 1

The BCG Matrix does not reflect whether or not various divisions or their industries are growing over time.

Accepted Answer

A) True 
 B)False

Question 2

________ includes the set of shared values, beliefs, attitudes, customs, norms, rites, rituals, personalities, heroes, and heroines that describe a firm.

Accepted Answer

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

Question 3

A SWOT Matrix is composed of four cells for the four types of strategies it creates.

Accepted Answer

A) True 
 B)False

Question 4

In a classic study it was found that successful strategists led strategy, but did not dictate it.

Accepted Answer

A) True 
 B)False

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

Question 6

The firm should pursue aggressive strategies if the coordinates of a SPACE directional vector are (+5, +4).

Accepted Answer

A) True 
 B)False

Question 7

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

Accepted Answer

A)  Competitive Profile Matrix (CPM) 
B)  Internal-External (I
E)  Matrix 
C)  Strategic Position and Action Evaluation (SPAC
E)  Matrix 
D)  Grand Strategy Matrix 
E)  Quantitative Strategic Planning Matrix (QSPM) 
A)  Competitive Profile Matrix (CPM) 
B)  Internal-External (I
E)  Matrix 
C)  Strategic Position and Action Evaluation (SPAC
E)  Matrix 
D)  Grand Strategy Matrix 
E)  Quantitative Strategic Planning Matrix (QSPM)

Question 8

In a Boston Consulting Group (BCG) Matrix, all divisions are classified as either Question Marks, Stars, Cash Cows, or Dogs. Define each of these terms.

Accepted Answer

Question Marks have a low relative marke

Question 9

According to the Grand Strategy Matrix, which strategy is recommended for a firm with rapid market growth and a strong competitive position?

Accepted Answer

A)  Market penetration 
B)  Unrelated diversification 
C)  Joint venture 
D)  Retrenchment 
E)  Liquidation 
A)  Market penetration 
B)  Unrelated diversification 
C)  Joint venture 
D)  Retrenchment 
E)  Liquidation

Question 10

Relative market share position is given on the x-axis of the Boston Consulting Group (BCG) Matrix.

Accepted Answer

A) True 
 B)False

Question 11

Explain the benefits and limitations of developing a Boston Consulting Group (BCG) Matrix.

Accepted Answer

The major benefit of the BCG Matrix is t

Question 12

Which of the following is the first step in developing a QSPM?

Accepted Answer

A)  Compute the Total Attractiveness Scores. 
B)  Examine the Stage 2 matrices and identify alternative strategies the organization should consider implementing. 
C)  Assign weights to each key external and internal factor. 
D)  Determine the Attractiveness Scores. 
E)  Make a list of the firm's key external opportunities and threats and internal strengths and weaknesses in the left column of the QSPM. 
A)  Compute the Total Attractiveness Scores. 
B)  Examine the Stage 2 matrices and identify alternative strategies the organization should consider implementing. 
C)  Assign weights to each key external and internal factor. 
D)  Determine the Attractiveness Scores. 
E)  Make a list of the firm's key external opportunities and threats and internal strengths and weaknesses in the left column of the QSPM.

Question 13

The Boston Consulting Group (BCG) Matrix is designed specifically to enhance which type of firm's efforts to formulate strategies?

Accepted Answer

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

Question 14

Internal politics affect the choice of ________ in all organizations.

Accepted Answer

A)  strategies 
B)  markets 
C)  products 
D)  suppliers 
E)  customers 
A)  strategies 
B)  markets 
C)  products 
D)  suppliers 
E)  customers

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

Internal politics do not affect the choice of strategies in organizations.

Accepted Answer

A) True 
 B)False

Question 17

________ is the unique way an organization does business.

Accepted Answer

A)  Attitude 
B)  Belief System 
C)  Culture 
D)  Demographics 
E)  Strategy 
A)  Attitude 
B)  Belief System 
C)  Culture 
D)  Demographics 
E)  Strategy

Question 18

For companies located in Quadrant III of the Grand Strategy Matrix, the first strategy recommended is

Accepted Answer

A)  extensive cost and asset reduction. 
B)  asset expansion. 
C)  employee expansion. 
D)  immediate liquidation of assets. 
E)  divestiture. 
A)  extensive cost and asset reduction. 
B)  asset expansion. 
C)  employee expansion. 
D)  immediate liquidation of assets. 
E)  divestiture.

Question 19

Using a Grand Strategy Matrix approach, what strategies are recommended for a firm that is a weak competitor in a slow-growing market? Elaborate on what these strategies could mean for a college or university.

Accepted Answer

A firm that is a weak competitor in a sl

Question 20

Having no temporal qualities, the BCG Matrix is a snapshot of an organization at a given point in time.

Accepted Answer

A) True 
 B)False

The BCG Matrix does not reflect whether or not various divisions or their industries are growing over time.

________ includes the set of shared values, beliefs, attitudes, customs, norms, rites, rituals, personalities, heroes, and heroines that describe a firm.

A SWOT Matrix is composed of four cells for the four types of strategies it creates.

In a classic study it was found that successful strategists led strategy, but did not dictate it.

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

The firm should pursue aggressive strategies if the coordinates of a SPACE directional vector are (+5, +4).

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

In a Boston Consulting Group (BCG) Matrix, all divisions are classified as either Question Marks, Stars, Cash Cows, or Dogs. Define each of these terms.

According to the Grand Strategy Matrix, which strategy is recommended for a firm with rapid market growth and a strong competitive position?

Relative market share position is given on the x-axis of the Boston Consulting Group (BCG) Matrix.

Explain the benefits and limitations of developing a Boston Consulting Group (BCG) Matrix.

Which of the following is the first step in developing a QSPM?

The Boston Consulting Group (BCG) Matrix is designed specifically to enhance which type of firm's efforts to formulate strategies?

Internal politics affect the choice of ________ in all organizations.

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

Internal politics do not affect the choice of strategies in organizations.

________ is the unique way an organization does business.

For companies located in Quadrant III of the Grand Strategy Matrix, the first strategy recommended is

Using a Grand Strategy Matrix approach, what strategies are recommended for a firm that is a weak competitor in a slow-growing market? Elaborate on what these strategies could mean for a college or university.

Having no temporal qualities, the BCG Matrix is a snapshot of an organization at a given point in time.

The Nature of Strategic Management

The Business Vision and Mission

The External Assessment

The Internal Assessment

Strategies in Action

Implementing Strategies: Management and Marketing Issues

Implementing Strategies: Finance and Accounting Issues

Strategy Evaluation and Governance

Business Ethics, Environmental Sustainability, and Social Responsibility

Global and International Issues

Filters

Exam 6: Strategy Analysis and Choice

The BCG Matrix does not reflect whether or not various divisions or their industries are growing over time.

________ includes the set of shared values, beliefs, attitudes, customs, norms, rites, rituals, personalities, heroes, and heroines that describe a firm.

A SWOT Matrix is composed of four cells for the four types of strategies it creates.

In a classic study it was found that successful strategists led strategy, but did not dictate it.

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

The firm should pursue aggressive strategies if the coordinates of a SPACE directional vector are (+5, +4).

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

In a Boston Consulting Group (BCG) Matrix, all divisions are classified as either Question Marks, Stars, Cash Cows, or Dogs. Define each of these terms.

According to the Grand Strategy Matrix, which strategy is recommended for a firm with rapid market growth and a strong competitive position?

Relative market share position is given on the x-axis of the Boston Consulting Group (BCG) Matrix.

Explain the benefits and limitations of developing a Boston Consulting Group (BCG) Matrix.

Which of the following is the first step in developing a QSPM?

The Boston Consulting Group (BCG) Matrix is designed specifically to enhance which type of firm's efforts to formulate strategies?

Internal politics affect the choice of ________ in all organizations.

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

Internal politics do not affect the choice of strategies in organizations.

________ is the unique way an organization does business.

For companies located in Quadrant III of the Grand Strategy Matrix, the first strategy recommended is

Using a Grand Strategy Matrix approach, what strategies are recommended for a firm that is a weak competitor in a slow-growing market? Elaborate on what these strategies could mean for a college or university.

Having no temporal qualities, the BCG Matrix is a snapshot of an organization at a given point in time.

The Nature of Strategic Management

The Business Vision and Mission

The External Assessment

The Internal Assessment

Strategies in Action

Implementing Strategies: Management and Marketing Issues

Implementing Strategies: Finance and Accounting Issues

Strategy Evaluation and Governance

Business Ethics, Environmental Sustainability, and Social Responsibility

Global and International Issues

Filters