Exam 6: Strategy Analysis and Choice

The most important determinants of an organization's overall strategic position are considered to be the two internal dimensions, financial position (FP), and competitive position (CP), and the two external dimensions, industry position (IP), and stability position (SP).

Strengths-opportunities strategies are based on using a firm's internal strengths to take advantage of external opportunities.

Viewing every business as either a Star, Cash Cow, Dog, or Question Mark is an oversimplification.

Coalitions of individuals often form around key strategy issues that face an enterprise.

Strategy changes may be highly ineffective, but not counterproductive, if a supportive culture does not exist.

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

All of the following are limitations of the Boston Consulting Group (BCG) Matrix EXCEPT

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

What are two of the strategies that you might recommend, if the Strategic Position and Action Evaluation (SPACE) Matrix directional vector points to the lower left quadrant?

In the BCG Matrix, a division with a high relative market share position in a low-growth industry can be described as a

Achieving satisfactory results with a popular strategy is generally better than trying to achieve optimal results with an unpopular strategy.

What are the two external dimensions of the SPACE Matrix?

The four strategies of the SPACE Matrix are aggressive, conservative, offensive, and defensive.

Describe some tactics used by politicians that can also aid strategists.

When completing the matching stage of the strategy-formulation framework, the SWOT Matrix needs to be completed before the SPACE Matrix.

The midpoint on the x-axis of a Boston Consulting Group (BCG) Matrix is typically set at 0.05.

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

Explain the concept of matching in the strategy-formulation framework.

Forward integration would be an appropriate strategy for which of the following types of divisions in the Boston Consulting Group (BCG) Matrix?

Stars, Question Marks, Cash Cows, and Dogs are the four quadrants exhibited by the Boston Consulting Group (BCG) Matrix.