Question 1

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

Accepted Answer

A) True 
 B)False  False

Question 2

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

Accepted Answer

Some principles are: No more than two directors are current or former company executives. The audit, compensation and nominating committees are made up solely of outside directors. Each director owns a large equity stake in the company, excluding stock options. Each director attends at least 75 percent of all meetings. The board meets regularly without management present and evaluates its own performance annually. The CEO is not also the Chairperson of the Board. Stock options are considered a corporate expense. There are no interlocking directorships (where a director or CEO sits on another director's board).

Question 3

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. A

Question 4

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 upon or improved?

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 5

The two positive-rated dimensions on the SPACE Matrix are

Accepted Answer

A)  FP and CP. 
B)  CP and SP. 
C)  FP and IP. 
D)  IP and SP. 
E)  FP and SP. 
A)  FP and CP. 
B)  CP and SP. 
C)  FP and IP. 
D)  IP and SP. 
E)  FP and SP.

Question 6

In the BCG Matrix, 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

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

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 assumptions. 
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 assumptions. 
D)  Sets of strategies must be examined in reverse order. 
E)  It requires equal participation from the entire organization.

Question 9

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

Accepted Answer

A) True 
 B)False

Question 10

Explain the benefits and limitations of developing a Boston Consulting Group Matrix.

Accepted Answer

The major benefit of the BCG Matrix is t

Question 11

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

Accepted Answer

A) True 
 B)False

Question 12

Strategy formulation is the managing of forces during the action, whereas strategy implementation is the positioning of forces before the action.

Accepted Answer

A) True 
 B)False

Question 13

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 14

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

Accepted Answer

A) True 
 B)False

Question 15

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 16

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 17

Which matrix is included in the decision stage of the strategy formulation framework?

Accepted Answer

A)  Internal Factor Evaluation Matrix 
B)  Quantitative Strategic Planning Matrix 
C)  Boston Consulting Group Matrix 
D)  Grand Strategy Matrix 
E)  Strategic Position and Action Evaluation Matrix 
A)  Internal Factor Evaluation Matrix 
B)  Quantitative Strategic Planning Matrix 
C)  Boston Consulting Group Matrix 
D)  Grand Strategy Matrix 
E)  Strategic Position and Action Evaluation Matrix

Question 18

Which strategies are defensive tactics directed at reducing internal weaknesses and avoiding external threats?

Accepted Answer

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

Question 19

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 20

Describe the tactics that have been used by politicians that can also aid strategists.

Accepted Answer

Equifinality-It is often possible to ach

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

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

Today, boards of directors are composed mostly of

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 upon or improved?

The two positive-rated dimensions on the SPACE Matrix are

In the BCG Matrix, how would a division with a low relative market share position in a high growth industry be described?

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

Which of these is a limitation of QSPM?

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

Explain the benefits and limitations of developing a Boston Consulting Group Matrix.

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

Strategy formulation is the managing of forces during the action, whereas strategy implementation is the positioning of forces before the action.

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

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

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

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.

Which matrix is included in the decision stage of the strategy formulation framework?

Which strategies are defensive tactics directed at reducing internal weaknesses and avoiding external threats?

How many cells are in a SWOT Matrix?

Describe the tactics that have been used by politicians that can also aid strategists.

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, Financeaccounting, RD, and MIS Issues

Strategy Review, Evaluation, and Control

Business Ethicssocial Responsibilityenvironmental Sustainability

Globalinternational Issues

Filters

Exam 6: Strategy Analysis and Choice

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

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

Today, boards of directors are composed mostly of

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 upon or improved?

The two positive-rated dimensions on the SPACE Matrix are

In the BCG Matrix, how would a division with a low relative market share position in a high growth industry be described?

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

Which of these is a limitation of QSPM?

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

Explain the benefits and limitations of developing a Boston Consulting Group Matrix.

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

Strategy formulation is the managing of forces during the action, whereas strategy implementation is the positioning of forces before the action.

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

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

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

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.

Which matrix is included in the decision stage of the strategy formulation framework?

Which strategies are defensive tactics directed at reducing internal weaknesses and avoiding external threats?

How many cells are in a SWOT Matrix?

Describe the tactics that have been used by politicians that can also aid strategists.

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, Financeaccounting, RD, and MIS Issues

Strategy Review, Evaluation, and Control

Business Ethicssocial Responsibilityenvironmental Sustainability

Globalinternational Issues

Filters