Question 1

Stars,Question Marks,Cash Cows and Dogs are the four quadrants exhibited by the SPACE Matrix.

Accepted Answer

A) True 
 B)False

Question 2

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

Accepted Answer

Matching external and internal

Question 3

Total attractiveness scores are defined as the sum of the attractiveness scores in a given column of the QSPM and are computed in the second step of the QSPM.

Accepted Answer

A) True 
 B)False

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

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 6

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 7

Which stage of the strategy-formulation framework contains the Internal-Factor Evaluation 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 8

What includes the set of shared values,beliefs,attitudes,customs,norms,personalities,heroes and heroines that describe a firm?

Accepted Answer

A)  Strategy 
B)  Culture 
C)  Mission 
D)  Objectives 
E)  QSPM 
A)  Strategy 
B)  Culture 
C)  Mission 
D)  Objectives 
E)  QSPM

Question 9

Which stage in the strategy-formulation framework focuses on generating feasible alternative strategies?

Accepted Answer

A)  Input 
B)  Output 
C)  Decision 
D)  Throughput 
E)  Matching 
A)  Input 
B)  Output 
C)  Decision 
D)  Throughput 
E)  Matching

Question 10

If you construct a SPACE Matrix and the directional vector points to the lower left quadrant,what type of strategies would you recommend? Give several examples.

Accepted Answer

If the directional vector points to the

Question 11

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 12

How many cells are in a SWOT Matrix?

Accepted Answer

A)  Two 
B)  Four 
C)  Six 
D)  Eight 
E)  Nine 
A)  Two 
B)  Four 
C)  Six 
D)  Eight 
E)  Nine

Question 13

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 14

Strategy analysis and choice largely involves making ________ decisions based on ________ information.

Accepted Answer

A)  long-term; short-term 
B)  subjective; objective 
C)  short-term; long-term 
D)  subjective; short-term 
E)  objective; subjective 
A)  long-term; short-term 
B)  subjective; objective 
C)  short-term; long-term 
D)  subjective; short-term 
E)  objective; subjective

Question 15

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

Question 16

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 17

An organization's present strategies,objectives and mission provide a basis for generating and evaluating feasible alternative strategies,coupled with the external and internal audit information.

Accepted Answer

A) True 
 B)False

Question 18

What tactic involves shifting focus from specific issues to more general ones?

Accepted Answer

A)  Equifinality 
B)  Focus on Higher-Order Issues 
C)  Generalization 
D)  Satisfying 
E)  None of the above 
A)  Equifinality 
B)  Focus on Higher-Order Issues 
C)  Generalization 
D)  Satisfying 
E)  None of the above

Question 19

The purpose of matching key factors is to generate feasible alternative strategies.

Accepted Answer

A) True 
 B)False

Question 20

The BCG Matrix requires more information about the divisions than the IE Matrix.

Accepted Answer

A) True 
 B)False

Stars,Question Marks,Cash Cows and Dogs are the four quadrants exhibited by the SPACE Matrix.

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

Total attractiveness scores are defined as the sum of the attractiveness scores in a given column of the QSPM and are computed in the second step of the QSPM.

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

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

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

Which stage of the strategy-formulation framework contains the Internal-Factor Evaluation Matrix?

What includes the set of shared values,beliefs,attitudes,customs,norms,personalities,heroes and heroines that describe a firm?

Which stage in the strategy-formulation framework focuses on generating feasible alternative strategies?

If you construct a SPACE Matrix and the directional vector points to the lower left quadrant,what type of strategies would you recommend? Give several examples.

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

How many cells are in a SWOT Matrix?

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

Strategy analysis and choice largely involves making decisions based on information.

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.

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

An organization's present strategies,objectives and mission provide a basis for generating and evaluating feasible alternative strategies,coupled with the external and internal audit information.

What tactic involves shifting focus from specific issues to more general ones?

The purpose of matching key factors is to generate feasible alternative strategies.

The BCG Matrix requires more information about the divisions than the IE 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/Environmental Sustainability

Global/International Issues

Filters

Exam 6: Strategy Analysis and Choice

Stars,Question Marks,Cash Cows and Dogs are the four quadrants exhibited by the SPACE Matrix.

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

Total attractiveness scores are defined as the sum of the attractiveness scores in a given column of the QSPM and are computed in the second step of the QSPM.

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

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

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

Which stage of the strategy-formulation framework contains the Internal-Factor Evaluation Matrix?

What includes the set of shared values,beliefs,attitudes,customs,norms,personalities,heroes and heroines that describe a firm?

Which stage in the strategy-formulation framework focuses on generating feasible alternative strategies?

If you construct a SPACE Matrix and the directional vector points to the lower left quadrant,what type of strategies would you recommend? Give several examples.

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

How many cells are in a SWOT Matrix?

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

Strategy analysis and choice largely involves making ________ decisions based on ________ information.

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.

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

An organization's present strategies,objectives and mission provide a basis for generating and evaluating feasible alternative strategies,coupled with the external and internal audit information.

What tactic involves shifting focus from specific issues to more general ones?

The purpose of matching key factors is to generate feasible alternative strategies.

The BCG Matrix requires more information about the divisions than the IE 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/Environmental Sustainability

Global/International Issues

Filters

Strategy analysis and choice largely involves making decisions based on information.