Question 1

Both IE and BCG Matrices are called portfolio matrices.

Accepted Answer

A) True 
 B)False

Question 2

In the BCG Matrix, 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 3

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 4

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 5

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 6

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 7

Effective strategy formulation can usually guarantee successful strategy implementation.

Accepted Answer

A) True 
 B)False

Question 8

When completing the matching stage of the strategy-formulation framework, the SWOT Matrix needs to be completed before the SPACE Matrix.

Accepted Answer

A) True 
 B)False

Question 9

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

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

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 12

Give five coordinates of a SPACE Matrix directional vector that would suggest conservative strategies to be most appropriate.

Accepted Answer

To suggest conservative strategies as mo

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

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.

Question 15

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 16

The size of the circle in a BCG Matrix corresponds to the proportion of corporate revenue generated by that business unit.

Accepted Answer

A) True 
 B)False

Question 17

Whenever two firms merge, it becomes especially important to evaluate and consider culture-strategies linkages.

Accepted Answer

A) True 
 B)False

Question 18

What are the two external dimensions of the SPACE Matrix?

Accepted Answer

A)  Stability position and industry position 
B)  Stability position and competitive position 
C)  Industry position and competitive position 
D)  Competitive position and financial position 
E)  Financial position and industry position 
A)  Stability position and industry position 
B)  Stability position and competitive position 
C)  Industry position and competitive position 
D)  Competitive position and financial position 
E)  Financial position and industry position

Question 19

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 20

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

Both IE and BCG Matrices are called portfolio matrices.

In the BCG Matrix, a division that has a low relative market share position and competes in a slow-growth industry is referred to as a

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

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

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

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

Effective strategy formulation can usually guarantee successful strategy implementation.

When completing the matching stage of the strategy-formulation framework, the SWOT Matrix needs to be completed before the SPACE Matrix.

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

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

Which of these is NOT a SPACE Matrix quadrant?

Give five coordinates of a SPACE Matrix directional vector that would suggest conservative strategies to be most appropriate.

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

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

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

The size of the circle in a BCG Matrix corresponds to the proportion of corporate revenue generated by that business unit.

Whenever two firms merge, it becomes especially important to evaluate and consider culture-strategies linkages.

What are the two external dimensions of the SPACE Matrix?

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.

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

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

Both IE and BCG Matrices are called portfolio matrices.

In the BCG Matrix, a division that has a low relative market share position and competes in a slow-growth industry is referred to as a

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

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

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

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

Effective strategy formulation can usually guarantee successful strategy implementation.

When completing the matching stage of the strategy-formulation framework, the SWOT Matrix needs to be completed before the SPACE Matrix.

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

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

Which of these is NOT a SPACE Matrix quadrant?

Give five coordinates of a SPACE Matrix directional vector that would suggest conservative strategies to be most appropriate.

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

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

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

The size of the circle in a BCG Matrix corresponds to the proportion of corporate revenue generated by that business unit.

Whenever two firms merge, it becomes especially important to evaluate and consider culture-strategies linkages.

What are the two external dimensions of the SPACE Matrix?

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.

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

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