Question 1

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

Accepted Answer

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

Question 2

The major benefit of the Boston Consulting Group (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 3

In the Boston Consulting Group (BCG) Matrix, how would a division with a low relative market share position in a high growth industry be described?

Accepted Answer

A)  Question Mark 
B)  Cash Cow 
C)  Star 
D)  Stuck-in-the-middle 
E)  Dog 
A)  Question Mark 
B)  Cash Cow 
C)  Star 
D)  Stuck-in-the-middle 
E)  Dog

Question 4

In a BCG Matrix the y-axis represents the industry growth rate.

Accepted Answer

A) True 
 B)False

Question 5

The first stage of the strategy-formulation framework is the input stage, and it is directly followed by the decision stage.

Accepted Answer

A) True 
 B)False

Question 6

Successful strategists lead strategy, but do not ________ it.

Accepted Answer

A)  formulate 
B)  implement 
C)  analyze 
D)  dictate 
E)  support 
A)  formulate 
B)  implement 
C)  analyze 
D)  dictate 
E)  support

Question 7

What term is defined as the product of multiplying the weights by the Attractiveness Scores in each row of the QSPM?

Accepted Answer

A)  Total Attractiveness Scores 
B)  Sum Total Scores 
C)  Weighted Scores 
D)  Total Weighted Scores 
E)  Factors 
A)  Total Attractiveness Scores 
B)  Sum Total Scores 
C)  Weighted Scores 
D)  Total Weighted Scores 
E)  Factors

Question 8

To objectively evaluate feasible alternative strategies identified in Stage 2, the Quantitative Strategic Planning Matrix (QSPM) uses input information derived from Stage 1.

Accepted Answer

A) True 
 B)False

Question 9

One of the steps of the SWOT Matrix is to list the firm's key external opportunities.

Accepted Answer

A) True 
 B)False

Question 10

The SWOT matrix, if used appropriately, does not have any limitations.

Accepted Answer

A) True 
 B)False

Question 11

Cash Cows represent the organization's best long-run opportunities for growth and profitability.

Accepted Answer

A) True 
 B)False

Question 12

Total attractiveness scores are defined as the sum of the attractiveness scores in a given column of the QSPM and are computed in the second step of the Quantitative Strategic Planning Matrix (QSPM).

Accepted Answer

A) True 
 B)False

Question 13

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

Accepted Answer

A)  highly controversial 
B)  nominally controversial 
C)  power centered 
D)  strategy centered 
E)  tactic optimized 
A)  highly controversial 
B)  nominally controversial 
C)  power centered 
D)  strategy centered 
E)  tactic optimized

Question 14

The Grand Strategy Matrix is based on two evaluative dimensions, market share and market growth.

Accepted Answer

A) True 
 B)False

Question 15

Trying to achieve optimal results with an unpopular strategy is always better than achieving satisfactory results with a popular strategy.

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

According to the Grand Strategy Matrix, Quadrant III organizations compete in rapid-growth industries and have strong competitive positions.

Accepted Answer

A) True 
 B)False

Question 18

The top row of a Quantitative Strategic Planning Matrix (QSPM) consists of alternative strategies derived from all of the following EXCEPT

Accepted Answer

A)  Grand Strategy Matrix. 
B)  Boston Consulting Group (BCG) Matrix. 
C)  Strategic Position and Action Evaluation (SPAC
E)  Matrix. 
D)  Competitive Profile Matrix (CPM). 
E)  Internal-External (I
E)  Matrix. 
A)  Grand Strategy Matrix. 
B)  Boston Consulting Group (BCG) Matrix. 
C)  Strategic Position and Action Evaluation (SPAC
E)  Matrix. 
D)  Competitive Profile Matrix (CPM). 
E)  Internal-External (I
E)  Matrix.

Question 19

Compare and contrast the Internal-External (IE) Matrix with the Boston Consulting Group (BCG) Matrix.

Accepted Answer

The IE Matrix is similar to the BCG Matr

Question 20

How many cells are in a SWOT Matrix?

Accepted Answer

A)  Two 
B)  Four 
C)  Six 
D)  Eight 
E)  Nine 
A)  Two 
B)  Four 
C)  Six 
D)  Eight 
E)  Nine

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

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

In the Boston Consulting Group (BCG) Matrix, how would a division with a low relative market share position in a high growth industry be described?

In a BCG Matrix the y-axis represents the industry growth rate.

The first stage of the strategy-formulation framework is the input stage, and it is directly followed by the decision stage.

Successful strategists lead strategy, but do not ________ it.

What term is defined as the product of multiplying the weights by the Attractiveness Scores in each row of the QSPM?

To objectively evaluate feasible alternative strategies identified in Stage 2, the Quantitative Strategic Planning Matrix (QSPM) uses input information derived from Stage 1.

One of the steps of the SWOT Matrix is to list the firm's key external opportunities.

The SWOT matrix, if used appropriately, does not have any limitations.

Cash Cows represent the organization's best long-run opportunities for growth and profitability.

Total attractiveness scores are defined as the sum of the attractiveness scores in a given column of the QSPM and are computed in the second step of the Quantitative Strategic Planning Matrix (QSPM).

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

The Grand Strategy Matrix is based on two evaluative dimensions, market share and market growth.

Trying to achieve optimal results with an unpopular strategy is always better than achieving satisfactory results with a popular strategy.

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

According to the Grand Strategy Matrix, Quadrant III organizations compete in rapid-growth industries and have strong competitive positions.

The top row of a Quantitative Strategic Planning Matrix (QSPM) consists of alternative strategies derived from all of the following EXCEPT

Compare and contrast the Internal-External (IE) Matrix with the Boston Consulting Group (BCG) Matrix.

How many cells are in a SWOT Matrix?

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

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

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

In the Boston Consulting Group (BCG) Matrix, how would a division with a low relative market share position in a high growth industry be described?

In a BCG Matrix the y-axis represents the industry growth rate.

The first stage of the strategy-formulation framework is the input stage, and it is directly followed by the decision stage.

Successful strategists lead strategy, but do not ________ it.

What term is defined as the product of multiplying the weights by the Attractiveness Scores in each row of the QSPM?

To objectively evaluate feasible alternative strategies identified in Stage 2, the Quantitative Strategic Planning Matrix (QSPM) uses input information derived from Stage 1.

One of the steps of the SWOT Matrix is to list the firm's key external opportunities.

The SWOT matrix, if used appropriately, does not have any limitations.

Cash Cows represent the organization's best long-run opportunities for growth and profitability.

Total attractiveness scores are defined as the sum of the attractiveness scores in a given column of the QSPM and are computed in the second step of the Quantitative Strategic Planning Matrix (QSPM).

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

The Grand Strategy Matrix is based on two evaluative dimensions, market share and market growth.

Trying to achieve optimal results with an unpopular strategy is always better than achieving satisfactory results with a popular strategy.

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

According to the Grand Strategy Matrix, Quadrant III organizations compete in rapid-growth industries and have strong competitive positions.

The top row of a Quantitative Strategic Planning Matrix (QSPM) consists of alternative strategies derived from all of the following EXCEPT

Compare and contrast the Internal-External (IE) Matrix with the Boston Consulting Group (BCG) Matrix.

How many cells are in a SWOT Matrix?

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

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