Exam 6: Strategy Analysis and Choice

Which stage of the strategy-formulation framework includes the IFE Matrix?

Good intuitive judgment is always needed to determine appropriate weights and ratings in the input stage matrices.

Often, an effective way to gain commitment and achieve desired results is to shift from ________ to ________ issues and concerns.

Both the Internal-External (IE) and Boston Consulting Group (BCG) Matrices are called ________ matrices.

Whenever two firms merge, it becomes especially important to evaluate and consider culture-strategy linkages.

All organizations are political.

In the BCG Matrix, when a division of an organization has a high relative market share and is in a fast-growing industry, it is called a

Managing political relationships is not related to building enthusiasm and esprit de corps in an organization.

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

________ are the individuals most strongly identified with an idea or product and whose futures are linked to its success.

A positive feature of the Quantitative Strategic Planning Matrix (QSPM) is that sets of strategies can be examined sequentially or simultaneously.

Which strategies aim at improving internal weaknesses by taking advantage of external opportunities?

Market penetration can be classified as either a conservative, aggressive, or competitive strategy when using the Strategic Position and Action Evaluation (SPACE) Matrix.

Which strategy-formulation technique reveals the relative attractiveness of alternative strategies and thus provides an objective basis for selecting specific strategies?

The IE Matrix can be divided into three major regions that have different strategy implications: grow and build; hold and maintain; and harvest or divest.

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

Step 1 of the Quantitative Strategic Planning Matrix (QSPM) assigns weights to each key external and internal factor.

Which stage in the strategy-formulation framework focuses on generating feasible alternative strategies?

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