Question 1

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

Accepted Answer

A)  SO 
B)  WO 
C)  SW 
D)  ST 
E)  WT 
A)  SO 
B)  WO 
C)  SW 
D)  ST 
E)  WT

Question 2

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

Accepted Answer

1.Achieving desired results is more impo

Question 3

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

Accepted Answer

A) True 
 B)False

Question 4

Relative market share position is given on the x-axis of the BCG Matrix.

Accepted Answer

A) True 
 B)False

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

In the SPACE analysis, what does a (+6, +3)strategy profile portray?

Accepted Answer

A)  A strong industry position 
B)  An unstable environment 
C)  A stable environment 
D)  A weak industry position 
E)  A weak financial position 
A)  A strong industry position 
B)  An unstable environment 
C)  A stable environment 
D)  A weak industry position 
E)  A weak financial position

Question 8

Both IE and BCG Matrices are called portfolio matrices.

Accepted Answer

A) True 
 B)False

Question 9

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

Accepted Answer

A)  Stage 1 
B)  Stage 2 
C)  Stage 3 
D)  Stage 4 
E)  Stage 5 
A)  Stage 1 
B)  Stage 2 
C)  Stage 3 
D)  Stage 4 
E)  Stage 5

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

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 12

According to the Grand Strategy Matrix, when a Quadrant I firm is too heavily committed to a single product, then related diversification may reduce the risks associated with a narrow product line.

Accepted Answer

A) True 
 B)False

Question 13

The act of oversight and direction for an organization is referred to as

Accepted Answer

A)  corporate lawmaking. 
B)  centralized control. 
C)  organizational direction. 
D)  establishing norms. 
E)  governance. 
A)  corporate lawmaking. 
B)  centralized control. 
C)  organizational direction. 
D)  establishing norms. 
E)  governance.

Question 14

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

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

Which of the following is NOT one of the steps involved in constructing a SWOT Matrix?

Accepted Answer

A)  List the firm's key external threats. 
B)  Match internal strengths with external opportunities, and record the resultant SO strategies in the appropriate cell. 
C)  Match internal weaknesses with external threats, and record the resultant WT strategies. 
D)  List the firm's external weaknesses. 
E)  List the firm's external opportunities. 
A)  List the firm's key external threats. 
B)  Match internal strengths with external opportunities, and record the resultant SO strategies in the appropriate cell. 
C)  Match internal weaknesses with external threats, and record the resultant WT strategies. 
D)  List the firm's external weaknesses. 
E)  List the firm's external opportunities.

Question 17

If you construct a SPACE Matrix and the directional vector points to the lower left quadrant, what type of strategies would you recommend? Give several examples.

Accepted Answer

If the directional vector points to the

Question 18

Which board of director's duty falls under the category of control and oversight over management?

Accepted Answer

A)  select new directors 
B)  pass bylaws and related resolutions 
C)  select the CEO 
D)  maintain good public image 
E)  ensure equitable stockholder representation 
A)  select new directors 
B)  pass bylaws and related resolutions 
C)  select the CEO 
D)  maintain good public image 
E)  ensure equitable stockholder representation

Question 19

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

Question 20

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

Accepted Answer

A) True 
 B)False

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

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

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

Relative market share position is given on the x-axis of the BCG Matrix.

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

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

In the SPACE analysis, what does a (+6, +3)strategy profile portray?

Both IE and BCG Matrices are called portfolio matrices.

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

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

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

According to the Grand Strategy Matrix, when a Quadrant I firm is too heavily committed to a single product, then related diversification may reduce the risks associated with a narrow product line.

The act of oversight and direction for an organization is referred to as

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

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

Which of the following is NOT one of the steps involved in constructing a SWOT Matrix?

If you construct a SPACE Matrix and the directional vector points to the lower left quadrant, what type of strategies would you recommend? Give several examples.

Which board of director's duty falls under the category of control and oversight over management?

How many cells are in a SWOT Matrix?

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

The Nature of Strategic Management

The Business Vision and Mission

The External Assessment

The Internal Assessment

Strategies in Action

Implementing Strategies: Management and Operations Issues

Implementing Strategies: Marketing, Finance/Accounting, R&D, and MIS Issues

Strategy Review, Evaluation, and Control

Business Ethics, Social Responsibility, and Environmental Sustainability

Global and International Issues

Filters

Exam 6: Strategy Analysis and Choice

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

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

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

Relative market share position is given on the x-axis of the BCG Matrix.

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

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

In the SPACE analysis, what does a (+6, +3)strategy profile portray?

Both IE and BCG Matrices are called portfolio matrices.

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

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

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

According to the Grand Strategy Matrix, when a Quadrant I firm is too heavily committed to a single product, then related diversification may reduce the risks associated with a narrow product line.

The act of oversight and direction for an organization is referred to as

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

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

Which of the following is NOT one of the steps involved in constructing a SWOT Matrix?

If you construct a SPACE Matrix and the directional vector points to the lower left quadrant, what type of strategies would you recommend? Give several examples.

Which board of director's duty falls under the category of control and oversight over management?

How many cells are in a SWOT Matrix?

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

The Nature of Strategic Management

The Business Vision and Mission

The External Assessment

The Internal Assessment

Strategies in Action

Implementing Strategies: Management and Operations Issues

Implementing Strategies: Marketing, Finance/Accounting, R&D, and MIS Issues

Strategy Review, Evaluation, and Control

Business Ethics, Social Responsibility, and Environmental Sustainability

Global and International Issues

Filters

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