Exam 6: Strategy Analysis and Choice

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

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 QSPM.

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

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

Firms located in which quadrant of the Grand Strategy Matrix are in an excellent strategic position?

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

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

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

In a BCG Matrix the pie slice indicates the proportion of corporate profits generated by that division.

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

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

Strategy changes may be highly effective and productive if a supportive culture does not exist.

Stars, Question Marks, Cash Cows, and Dogs are the four quadrants exhibited by the BCG Matrix.

All of the following are principles of good organizational governance, as established by Businessweek, EXCEPT

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).

The purpose of matching key factors is to generate feasible alternative strategies.

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

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

Which analytical tool determines the relative attractiveness of various strategies based on the extent to which key external and internal critical success factors are capitalized upon or improved?

It is vital that strategists always consider all feasible alternatives that could benefit the firm.