Question 1

How would a division with a low relative market share position in a high growth industry be described?

Accepted Answer

A)  Question Mark 
B)  Cash Cow 
C)  Star 
D)  Stuck-in-the-middle 
E)  Dog 
A)  Question Mark 
B)  Cash Cow 
C)  Star 
D)  Stuck-in-the-middle 
E)  Dog A

Question 2

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 B

Question 3

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 slow-growing market would be located in Quadrant III.Quadrant III strategies include retrenchment,related diversification,unrelated diversification,divestiture and liquidation.
Student answers will vary when elaborating on what these strategies could mean for a college or university.However,students should mention that the college or university could possibly have to be closed.Faculty and/or staff might have to be greatly reduced,which could lead to unhappy students in very large classes.

Question 4

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 5

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

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 6

On the x-axis of the IE Matrix,an internal factor evaluation score of 2.5 represents a weak internal position.

Accepted Answer

A) True 
 B)False

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

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

Question 9

Stage 2 in the strategy-formulation framework involves the Quantitative Strategic Planning Matrix.

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

Question Marks have a low relative marke

Question 11

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?

Accepted Answer

A)  BCG Matrix 
B)  SPACE Matrix 
C)  SWOT Matrix 
D)  IE Matrix 
E)  QSPM 
A)  BCG Matrix 
B)  SPACE Matrix 
C)  SWOT Matrix 
D)  IE Matrix 
E)  QSPM

Question 12

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 13

A division that has a low relative market share position and competes in a slow-growth industry is referred to as a

Accepted Answer

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

Question 14

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 15

One positive feature of QSPM is that it does not require intuitive judgments and educated assumptions.

Accepted Answer

A) True 
 B)False

Question 16

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 17

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

Accepted Answer

A) True 
 B)False

Question 18

Which stage of the strategy-formulation framework includes an Internal-Factor Evaluation 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 19

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)  The matrix has no temporal qualities. 
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)  The matrix has no temporal qualities. 
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 20

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/threats and internal strengths/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/threats and internal strengths/weaknesses in the left column of the QSPM.

How would a division with a low relative market share position in a high growth industry be described?

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.

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.

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

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

On the x-axis of the IE Matrix,an internal factor evaluation score of 2.5 represents a weak internal position.

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

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

Stage 2 in the strategy-formulation framework involves the Quantitative Strategic Planning Matrix.

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

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?

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

A division that has a low relative market share position and competes in a slow-growth industry is referred to as a

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.

One positive feature of QSPM is that it does not require intuitive judgments and educated assumptions.

All of the following are limitations of the BCG Matrix except:

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

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

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

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

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/Environmental Sustainability

Global/International Issues

Filters

Exam 6: Strategy Analysis and Choice

How would a division with a low relative market share position in a high growth industry be described?

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.

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.

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

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

On the x-axis of the IE Matrix,an internal factor evaluation score of 2.5 represents a weak internal position.

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

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

Stage 2 in the strategy-formulation framework involves the Quantitative Strategic Planning Matrix.

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

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?

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

A division that has a low relative market share position and competes in a slow-growth industry is referred to as a

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.

One positive feature of QSPM is that it does not require intuitive judgments and educated assumptions.

All of the following are limitations of the BCG Matrix except:

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

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

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

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

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/Environmental Sustainability

Global/International Issues

Filters