Question 1

What is the highest number of strategies that can be examined at one time with the QSPM?

Accepted Answer

A)  1 
B)  2 
C)  5 
D)  10 
E)  There is no limit. 
A)  1 
B)  2 
C)  5 
D)  10 
E)  There is no limit.

Question 2

The major benefit of the BCG Matrix is that it draws attention to the cash flow, investment characteristics, and needs of an organization's various divisions.

Accepted Answer

A) True 
 B)False

Question 3

All of the following are limitations of the BCG Matrix EXCEPT

Accepted Answer

A)  viewing every business as a star, cash cow, dog or question mark can be an oversimplification. 
B)  the Matrix requires at least three years worth of data. 
C)  the Matrix does not reflect divisional or industry growth over time. 
D)  the Matrix does not allow a company to be classified as somewhere in between two categories. 
E)  variables such as size of market and competitive advantages are not considered in the Matrix. 
A)  viewing every business as a star, cash cow, dog or question mark can be an oversimplification. 
B)  the Matrix requires at least three years worth of data. 
C)  the Matrix does not reflect divisional or industry growth over time. 
D)  the Matrix does not allow a company to be classified as somewhere in between two categories. 
E)  variables such as size of market and competitive advantages are not considered in the Matrix.

Question 4

In the BCG Matrix, a division with a high relative market share position in a low-growth industry can be described as a

Accepted Answer

A)  Star. 
B)  Cash Cow. 
C)  Question Mark. 
D)  Dog. 
E)  Failure. 
A)  Star. 
B)  Cash Cow. 
C)  Question Mark. 
D)  Dog. 
E)  Failure.

Question 5

Each of the nine techniques included in the strategy formulation framework rely on the use of

Accepted Answer

A)  strictly factual data. 
B)  luck. 
C)  financial formulas and statistics. 
D)  intuition and analysis. 
E)  synergy. 
A)  strictly factual data. 
B)  luck. 
C)  financial formulas and statistics. 
D)  intuition and analysis. 
E)  synergy.

Question 6

Conservative strategies in a SPACE Matrix most often include product development, market development, market penetration, and related diversification.

Accepted Answer

A) True 
 B)False

Question 7

What analytical tool has four quadrants based on two dimensions: competitive position and market growth?

Accepted Answer

A)  Competitive Profile Matrix 
B)  Internal-External Matrix 
C)  SPACE Matrix 
D)  Grand Strategy Matrix 
E)  QSPM 
A)  Competitive Profile Matrix 
B)  Internal-External Matrix 
C)  SPACE Matrix 
D)  Grand Strategy Matrix 
E)  QSPM

Question 8

Trying to achieve optimal results with an unpopular strategy is always better than achieving satisfactory results with a popular strategy.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is a limitation associated with a SWOT Matrix?

Accepted Answer

A)  Viewing every business as a Star, Cash Cow, Dog, or Question Mark is an oversimplification. 
B)  Many businesses fall right in the middle of the matrix. 
C)  It is a static assessment in time. 
D)  Other variables besides relative market share position and industry growth rate in sales need to be considered. 
E)  The matrix does not reflect whether or not various divisions or their industry are growing over time. 
A)  Viewing every business as a Star, Cash Cow, Dog, or Question Mark is an oversimplification. 
B)  Many businesses fall right in the middle of the matrix. 
C)  It is a static assessment in time. 
D)  Other variables besides relative market share position and industry growth rate in sales need to be considered. 
E)  The matrix does not reflect whether or not various divisions or their industry are growing over time.

Question 10

Step 1 of a QSPM assigns weights to each key external and internal factor.

Accepted Answer

A) True 
 B)False

Question 11

For companies located in Quadrant III of the Grand Strategy Matrix, the first strategy recommended is

Accepted Answer

A)  extensive cost and asset reduction. 
B)  asset expansion. 
C)  employee expansion. 
D)  immediate liquidation of assets. 
E)  divestiture. 
A)  extensive cost and asset reduction. 
B)  asset expansion. 
C)  employee expansion. 
D)  immediate liquidation of assets. 
E)  divestiture.

Question 12

To objectively evaluate feasible alternative strategies identified in Stage 2, the QSPM uses input information derived from Stage 1.

Accepted Answer

A) True 
 B)False

Question 13

The Strengths-Weaknesses-Opportunities-Threats (SWOT)Matrix, the Strategic Position and Action Evaluation (SPACE)Matrix, the Boston Consulting Group (BCG)Matrix, the Internal-External (IE)Matrix, and the Grand Strategy Matrix are included in stage two of the strategy-formulation framework.

Accepted Answer

A) True 
 B)False

What is the highest number of strategies that can be examined at one time with the QSPM?

The major benefit of the BCG Matrix is that it draws attention to the cash flow, investment characteristics, and needs of an organization's various divisions.

All of the following are limitations of the BCG Matrix EXCEPT

In the BCG Matrix, a division with a high relative market share position in a low-growth industry can be described as a

Each of the nine techniques included in the strategy formulation framework rely on the use of

Conservative strategies in a SPACE Matrix most often include product development, market development, market penetration, and related diversification.

What analytical tool has four quadrants based on two dimensions: competitive position and market growth?

Trying to achieve optimal results with an unpopular strategy is always better than achieving satisfactory results with a popular strategy.

Which of the following is a limitation associated with a SWOT Matrix?

Step 1 of a QSPM assigns weights to each key external and internal factor.

For companies located in Quadrant III of the Grand Strategy Matrix, the first strategy recommended is

To objectively evaluate feasible alternative strategies identified in Stage 2, the QSPM uses input information derived from Stage 1.

The Strengths-Weaknesses-Opportunities-Threats (SWOT)Matrix, the Strategic Position and Action Evaluation (SPACE)Matrix, the Boston Consulting Group (BCG)Matrix, the Internal-External (IE)Matrix, and the Grand Strategy Matrix are included in stage two 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

What is the highest number of strategies that can be examined at one time with the QSPM?

The major benefit of the BCG Matrix is that it draws attention to the cash flow, investment characteristics, and needs of an organization's various divisions.

All of the following are limitations of the BCG Matrix EXCEPT

In the BCG Matrix, a division with a high relative market share position in a low-growth industry can be described as a

Each of the nine techniques included in the strategy formulation framework rely on the use of

Conservative strategies in a SPACE Matrix most often include product development, market development, market penetration, and related diversification.

What analytical tool has four quadrants based on two dimensions: competitive position and market growth?

Trying to achieve optimal results with an unpopular strategy is always better than achieving satisfactory results with a popular strategy.

Which of the following is a limitation associated with a SWOT Matrix?

Step 1 of a QSPM assigns weights to each key external and internal factor.

For companies located in Quadrant III of the Grand Strategy Matrix, the first strategy recommended is

To objectively evaluate feasible alternative strategies identified in Stage 2, the QSPM uses input information derived from Stage 1.

The Strengths-Weaknesses-Opportunities-Threats (SWOT)Matrix, the Strategic Position and Action Evaluation (SPACE)Matrix, the Boston Consulting Group (BCG)Matrix, the Internal-External (IE)Matrix, and the Grand Strategy Matrix are included in stage two 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