Question 1

Compare and contrast the IE Matrix with the BCG Matrix.

Accepted Answer

The IE Matrix is similar to the BCG Matr

Question 2

The firm should pursue conservative strategies if the coordinates of a SPACE directional vector are (-1, +4).

Accepted Answer

A) True 
 B)False

Question 3

Discuss the appropriate role of a board of directors in an organization.

Accepted Answer

Some principles are:No more than two dir

Question 4

The trend in the U.S. is toward larger boards, with an average of 18 members being the norm.

Accepted Answer

A) True 
 B)False

Question 5

Explain the concept of matching in the strategy formulation framework. Give at least three examples of matching.

Accepted Answer

Matching external and internal

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

The match an organization makes between its internal resources and skills and the opportunities and risks created by its external factors can be defined as

Accepted Answer

A)  input. 
B)  concept formulation. 
C)  strategy. 
D)  SWOT. 
E)  weakness. 
A)  input. 
B)  concept formulation. 
C)  strategy. 
D)  SWOT. 
E)  weakness.

Question 8

Forward integration would be an appropriate strategy for which of the following types of divisions in the BCG Matrix?

Accepted Answer

A)  Dogs 
B)  Failures 
C)  Question Marks 
D)  Cat 
E)  Star 
A)  Dogs 
B)  Failures 
C)  Question Marks 
D)  Cat 
E)  Star

Question 9

The top row of a QSPM consists of alternative strategies derived from all of the following EXCEPT

Accepted Answer

A)  Grand Strategy Matrix. 
B)  BCG Matrix. 
C)  SPACE Matrix. 
D)  CPM Matrix 
E)  IE Matrix. 
A)  Grand Strategy Matrix. 
B)  BCG Matrix. 
C)  SPACE Matrix. 
D)  CPM Matrix 
E)  IE Matrix.

Question 10

Market penetration can be classified as either a conservative, aggressive, or competitive strategy.

Accepted Answer

A) True 
 B)False

Question 11

Although Quadrant ________ companies are growing, according to the Grand Strategy Matrix they are unable to compete effectively, and they need to determine why the firm's current approach is ineffective and how the company can best change to improve its competitiveness.

Accepted Answer

A)  I 
B)  II 
C)  III 
D)  IV 
E)  V 
A)  I 
B)  II 
C)  III 
D)  IV 
E)  V

Question 12

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

Accepted Answer

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

Question 13

The Sarbanes-Oxley Act put an end to the "country-club" atmosphere of most boards and has shifted power from CEOs to directors.

Accepted Answer

A) True 
 B)False

Question 14

Today boards of directors are composed mostly of outsiders who are becoming more involved in an organization's strategic management.

Accepted Answer

A) True 
 B)False

Question 15

Using a Grand Strategy Matrix approach, what strategies are recommended for a firm that is a weak competitor in a slow-growing market? Elaborate on what these strategies could mean for a college or university.

Accepted Answer

A firm that is a weak competitor in a sl

Question 16

The four strategies of the SPACE Matrix are aggressive, conservative, offensive and defensive.

Accepted Answer

A) True 
 B)False

Question 17

Which of these is a limitation of QSPM?

Accepted Answer

A)  Only a few strategies can be evaluated at once. 
B)  It is prohibitively expensive. 
C)  It requires intuitive judgments and educated assumptions. 
D)  Strategies cannot be examined sequentially. 
E)  It makes it more likely that key factors will be overlooked or weighted inappropriately. 
A)  Only a few strategies can be evaluated at once. 
B)  It is prohibitively expensive. 
C)  It requires intuitive judgments and educated assumptions. 
D)  Strategies cannot be examined sequentially. 
E)  It makes it more likely that key factors will be overlooked or weighted inappropriately.

Question 18

Which of the following is the first step in developing a QSPM?

Accepted Answer

A)  Compute the Total Attractiveness Scores. 
B)  Examine the Stage 2 matrices and identify alternative strategies the organization should consider implementing. 
C)  Assign weights to each key external and internal factor. 
D)  Determine the Attractiveness Scores. 
E)  Make a list of the firm's key external opportunities and threats and internal strengths and weaknesses in the left column of the QSPM. 
A)  Compute the Total Attractiveness Scores. 
B)  Examine the Stage 2 matrices and identify alternative strategies the organization should consider implementing. 
C)  Assign weights to each key external and internal factor. 
D)  Determine the Attractiveness Scores. 
E)  Make a list of the firm's key external opportunities and threats and internal strengths and weaknesses in the left column of the QSPM.

Question 19

In the BCG Matrix, which element represents the industry growth rate in sales, measured in percentage terms?

Accepted Answer

A)  x-axis 
B)  y-axis 
C)  first quadrant 
D)  second quadrant 
E)  third quadrant 
A)  x-axis 
B)  y-axis 
C)  first quadrant 
D)  second quadrant 
E)  third quadrant

Question 20

What are the two external dimensions of the SPACE Matrix?

Accepted Answer

A)  Stability position and industry position 
B)  Stability position and competitive position 
C)  Industry position and competitive position 
D)  Competitive position and financial position 
E)  Financial position and industry position 
A)  Stability position and industry position 
B)  Stability position and competitive position 
C)  Industry position and competitive position 
D)  Competitive position and financial position 
E)  Financial position and industry position

Compare and contrast the IE Matrix with the BCG Matrix.

The firm should pursue conservative strategies if the coordinates of a SPACE directional vector are (-1, +4).

Discuss the appropriate role of a board of directors in an organization.

The trend in the U.S. is toward larger boards, with an average of 18 members being the norm.

Explain the concept of matching in the strategy formulation framework. Give at least three examples of matching.

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

The match an organization makes between its internal resources and skills and the opportunities and risks created by its external factors can be defined as

Forward integration would be an appropriate strategy for which of the following types of divisions in the BCG Matrix?

The top row of a QSPM consists of alternative strategies derived from all of the following EXCEPT

Market penetration can be classified as either a conservative, aggressive, or competitive strategy.

Although Quadrant ________ companies are growing, according to the Grand Strategy Matrix they are unable to compete effectively, and they need to determine why the firm's current approach is ineffective and how the company can best change to improve its competitiveness.

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

The Sarbanes-Oxley Act put an end to the "country-club" atmosphere of most boards and has shifted power from CEOs to directors.

Today boards of directors are composed mostly of outsiders who are becoming more involved in an organization's strategic management.

Using a Grand Strategy Matrix approach, what strategies are recommended for a firm that is a weak competitor in a slow-growing market? Elaborate on what these strategies could mean for a college or university.

The four strategies of the SPACE Matrix are aggressive, conservative, offensive and defensive.

Which of these is a limitation of QSPM?

Which of the following is the first step in developing a QSPM?

In the BCG Matrix, which element represents the industry growth rate in sales, measured in percentage terms?

What are the two external dimensions of the SPACE Matrix?

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

Compare and contrast the IE Matrix with the BCG Matrix.

The firm should pursue conservative strategies if the coordinates of a SPACE directional vector are (-1, +4).

Discuss the appropriate role of a board of directors in an organization.

The trend in the U.S. is toward larger boards, with an average of 18 members being the norm.

Explain the concept of matching in the strategy formulation framework. Give at least three examples of matching.

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

The match an organization makes between its internal resources and skills and the opportunities and risks created by its external factors can be defined as

Forward integration would be an appropriate strategy for which of the following types of divisions in the BCG Matrix?

The top row of a QSPM consists of alternative strategies derived from all of the following EXCEPT

Market penetration can be classified as either a conservative, aggressive, or competitive strategy.

Although Quadrant ________ companies are growing, according to the Grand Strategy Matrix they are unable to compete effectively, and they need to determine why the firm's current approach is ineffective and how the company can best change to improve its competitiveness.

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

The Sarbanes-Oxley Act put an end to the "country-club" atmosphere of most boards and has shifted power from CEOs to directors.

Today boards of directors are composed mostly of outsiders who are becoming more involved in an organization's strategic management.

Using a Grand Strategy Matrix approach, what strategies are recommended for a firm that is a weak competitor in a slow-growing market? Elaborate on what these strategies could mean for a college or university.

The four strategies of the SPACE Matrix are aggressive, conservative, offensive and defensive.

Which of these is a limitation of QSPM?

Which of the following is the first step in developing a QSPM?

In the BCG Matrix, which element represents the industry growth rate in sales, measured in percentage terms?

What are the two external dimensions of the SPACE Matrix?

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