Question 1

Which strategies use a firm's strengths to avoid or reduce the impact of external threats?

Accepted Answer

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

Question 2

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 3

Today, boards of directors are composed mostly of

Accepted Answer

A)  outsiders. 
B)  management. 
C)  union members. 
D)  company employees. 
E)  past executives. 
A)  outsiders. 
B)  management. 
C)  union members. 
D)  company employees. 
E)  past executives.

Question 4

The midpoint on the x-axis of a BCG Matrix is typically set at 0.05.

Accepted Answer

A) True 
 B)False

Question 5

Which strategies are defensive tactics directed at reducing internal weaknesses and avoiding external threats?

Accepted Answer

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

Question 6

The SP and CP dimension variables in a SPACE Matrix are assigned a numerical value ranging from -1 (best)to -7 (worst).

Accepted Answer

A) True 
 B)False

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

Which stage of the strategy-formulation framework includes an IFE Matrix and a Competitive Profile Matrix?

Accepted Answer

A)  Input 
B)  Matching 
C)  Decision 
D)  Penetration 
E)  Research 
A)  Input 
B)  Matching 
C)  Decision 
D)  Penetration 
E)  Research

Question 9

The firm should pursue aggressive strategies if the coordinates of a SPACE directional vector are (+5, +4).

Accepted Answer

A) True 
 B)False

Question 10

What type of strategy would divestiture be classified as?

Accepted Answer

A)  Aggressive 
B)  Defensive 
C)  Competitive 
D)  Offensive 
E)  Conservative 
A)  Aggressive 
B)  Defensive 
C)  Competitive 
D)  Offensive 
E)  Conservative

Question 11

Shifting focus from specific issues to more general ones may increase strategists' options for gaining organizational commitment.

Accepted Answer

A) True 
 B)False

Question 12

The BCG Matrix is designed specifically to enhance which type of firm's efforts to formulate strategies?

Accepted Answer

A)  Companies with more than one division 
B)  Large companies 
C)  Companies with annual sales greater than $1 million 
D)  Companies with annual sales of less than $1 million 
E)  All companies 
A)  Companies with more than one division 
B)  Large companies 
C)  Companies with annual sales greater than $1 million 
D)  Companies with annual sales of less than $1 million 
E)  All companies

Question 13

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

Accepted Answer

A)  Input stage 
B)  Analysis stage 
C)  Matching stage 
D)  Decision stage 
E)  Output stage 
A)  Input stage 
B)  Analysis stage 
C)  Matching stage 
D)  Decision stage 
E)  Output stage

Question 14

A positive feature of QSPM is that sets of strategies can be examined sequentially or simultaneously.

Accepted Answer

A) True 
 B)False

Question 15

Give five sets of coordinates of SPACE Matrix directional vectors that would suggest conservative strategies to be most appropriate.

Accepted Answer

Student answers will vary.However,five e

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

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.

Accepted Answer

A) True 
 B)False

Question 18

On the x-axis of the IE Matrix, an IFE total weighted score of 2.5 represents a weak internal position.

Accepted Answer

A) True 
 B)False

Question 19

Which of these is NOT a SPACE Matrix quadrant?

Accepted Answer

A)  Aggressive 
B)  Defensive 
C)  Competitive 
D)  Offensive 
E)  Conservative 
A)  Aggressive 
B)  Defensive 
C)  Competitive 
D)  Offensive 
E)  Conservative

Question 20

Which matrix is included in the decision stage of the strategy formulation framework?

Accepted Answer

A)  Internal Factor Evaluation Matrix 
B)  Quantitative Strategic Planning Matrix 
C)  Boston Consulting Group Matrix 
D)  Grand Strategy Matrix 
E)  Strategic Position and Action Evaluation Matrix 
A)  Internal Factor Evaluation Matrix 
B)  Quantitative Strategic Planning Matrix 
C)  Boston Consulting Group Matrix 
D)  Grand Strategy Matrix 
E)  Strategic Position and Action Evaluation Matrix

Which strategies use a firm's strengths to avoid or reduce the impact of external threats?

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

Today, boards of directors are composed mostly of

The midpoint on the x-axis of a BCG Matrix is typically set at 0.05.

Which strategies are defensive tactics directed at reducing internal weaknesses and avoiding external threats?

The SP and CP dimension variables in a SPACE Matrix are assigned a numerical value ranging from -1 (best)to -7 (worst).

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

Which stage of the strategy-formulation framework includes an IFE Matrix and a Competitive Profile Matrix?

The firm should pursue aggressive strategies if the coordinates of a SPACE directional vector are (+5, +4).

What type of strategy would divestiture be classified as?

Shifting focus from specific issues to more general ones may increase strategists' options for gaining organizational commitment.

The BCG Matrix is designed specifically to enhance which type of firm's efforts to formulate strategies?

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

A positive feature of QSPM is that sets of strategies can be examined sequentially or simultaneously.

Give five sets of coordinates of SPACE Matrix directional vectors that would suggest conservative strategies to be most appropriate.

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

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.

On the x-axis of the IE Matrix, an IFE total weighted score of 2.5 represents a weak internal position.

Which of these is NOT a SPACE Matrix quadrant?

Which matrix is included in the decision stage of the strategy formulation framework?

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 use a firm's strengths to avoid or reduce the impact of external threats?

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

Today, boards of directors are composed mostly of

The midpoint on the x-axis of a BCG Matrix is typically set at 0.05.

Which strategies are defensive tactics directed at reducing internal weaknesses and avoiding external threats?

The SP and CP dimension variables in a SPACE Matrix are assigned a numerical value ranging from -1 (best)to -7 (worst).

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

Which stage of the strategy-formulation framework includes an IFE Matrix and a Competitive Profile Matrix?

The firm should pursue aggressive strategies if the coordinates of a SPACE directional vector are (+5, +4).

What type of strategy would divestiture be classified as?

Shifting focus from specific issues to more general ones may increase strategists' options for gaining organizational commitment.

The BCG Matrix is designed specifically to enhance which type of firm's efforts to formulate strategies?

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

A positive feature of QSPM is that sets of strategies can be examined sequentially or simultaneously.

Give five sets of coordinates of SPACE Matrix directional vectors that would suggest conservative strategies to be most appropriate.

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

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.

On the x-axis of the IE Matrix, an IFE total weighted score of 2.5 represents a weak internal position.

Which of these is NOT a SPACE Matrix quadrant?

Which matrix is included in the decision stage of the strategy formulation framework?

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