Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

Which of these is a limitation of QSPM?

Accepted Answer

A)  Only a few strategies can be evaluated simultaneously. 
B)  It is prohibitively expensive. 
C)  It requires intuitive judgments and educated guesses are required. 
D)  Sets of strategies must be examined in reverse order. 
E)  It requires equal participation from the entire organization. 
A)  Only a few strategies can be evaluated simultaneously. 
B)  It is prohibitively expensive. 
C)  It requires intuitive judgments and educated guesses are required. 
D)  Sets of strategies must be examined in reverse order. 
E)  It requires equal participation from the entire organization.

Question 3

Which strategy-formulation technique reveals the relative attractiveness of alternative strategies and thus provides an objective basis for selecting specific strategies?

Accepted Answer

A)  SWOT 
B)  SPACE 
C)  QSPM 
D)  IFE 
E)  CPM 
A)  SWOT 
B)  SPACE 
C)  QSPM 
D)  IFE 
E)  CPM

Question 4

According to the Grand Strategy Matrix,which strategy is recommended for a firm with rapid market growth and a strong competitive position?

Accepted Answer

A)  Market penetration 
B)  Unrelated diversification 
C)  Joint venture 
D)  Retrenchment 
E)  Liquidation 
A)  Market penetration 
B)  Unrelated diversification 
C)  Joint venture 
D)  Retrenchment 
E)  Liquidation

Question 5

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 6

Today,boards of directors are composed mostly of

Accepted Answer

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

Question 7

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 8

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

Accepted Answer

A) True 
 B)False

Question 9

When a division of an organization has a high relative market share and is in a fast-growing industry,it is called a

Accepted Answer

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

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

Which strategy would be most appropriate for a division classified as a Dog?

Accepted Answer

A)  Market penetration 
B)  Market development 
C)  Product development 
D)  Retrenchment 
E)  Forward integration 
A)  Market penetration 
B)  Market development 
C)  Product development 
D)  Retrenchment 
E)  Forward integration

Question 12

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

Accepted Answer

Some principles are: No more than two di

Question 13

All of the following are principles of good organizational governance,as established by Business Week,except:

Accepted Answer

A)  no directors do business with the company or accept consulting or legal fees from the firm. 
B)  the audit, compensation and nominating committees are made up solely of outside directors. 
C)  each director owns a large equity stake in the company, excluding stock options. 
D)  at least two directors are current or former company executives. 
E)  the CEO is not also the Chairperson of the Board. 
A)  no directors do business with the company or accept consulting or legal fees from the firm. 
B)  the audit, compensation and nominating committees are made up solely of outside directors. 
C)  each director owns a large equity stake in the company, excluding stock options. 
D)  at least two directors are current or former company executives. 
E)  the CEO is not also the Chairperson of the Board.

Question 14

It is vital that strategists always consider all feasible alternatives that could benefit the firm.

Accepted Answer

A) True 
 B)False

Question 15

Describe the positive features and limitations of QSPM.

Accepted Answer

There are three positive features of QSP

Question 16

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 17

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

Accepted Answer

A) True 
 B)False

Question 18

The Grand Strategy Matrix is based on two evaluative dimensions,market share and market growth.

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

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

Accepted Answer

A) True 
 B)False

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

Which of these is a limitation of QSPM?

Which strategy-formulation technique reveals the relative attractiveness of alternative strategies and thus provides an objective basis for selecting specific strategies?

According to the Grand Strategy Matrix,which strategy is recommended for a firm with rapid market growth and a strong competitive position?

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

Today,boards of directors are composed mostly of

A division with a high relative market share position in a low-growth industry can be described as a

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

When a division of an organization has a high relative market share and is in a fast-growing industry,it is called a

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

Which strategy would be most appropriate for a division classified as a Dog?

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

All of the following are principles of good organizational governance,as established by Business Week,except:

It is vital that strategists always consider all feasible alternatives that could benefit the firm.

Describe the positive features and limitations of QSPM.

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

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

The Grand Strategy Matrix is based on two evaluative dimensions,market share and market growth.

Which of these is not a SPACE Matrix quadrant?

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

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

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

Which of these is a limitation of QSPM?

Which strategy-formulation technique reveals the relative attractiveness of alternative strategies and thus provides an objective basis for selecting specific strategies?

According to the Grand Strategy Matrix,which strategy is recommended for a firm with rapid market growth and a strong competitive position?

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

Today,boards of directors are composed mostly of

A division with a high relative market share position in a low-growth industry can be described as a

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

When a division of an organization has a high relative market share and is in a fast-growing industry,it is called a

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

Which strategy would be most appropriate for a division classified as a Dog?

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

All of the following are principles of good organizational governance,as established by Business Week,except:

It is vital that strategists always consider all feasible alternatives that could benefit the firm.

Describe the positive features and limitations of QSPM.

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

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

The Grand Strategy Matrix is based on two evaluative dimensions,market share and market growth.

Which of these is not a SPACE Matrix quadrant?

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

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