Question 1

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 2

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 3

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 4

The BCG Matrix does not reflect whether or not various divisions or their industries are growing over time.

Accepted Answer

A) True 
 B)False

Question 5

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 6

The first stage of the strategy-formulation framework is the input stage, and it is directly followed by the decision stage.

Accepted Answer

A) True 
 B)False

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

For companies located in Quadrant III of the Grand Strategy Matrix, the first strategy recommended is

Accepted Answer

A)  extensive cost and asset reduction. 
B)  asset expansion. 
C)  employee expansion. 
D)  immediate liquidation of assets. 
E)  divestiture. 
A)  extensive cost and asset reduction. 
B)  asset expansion. 
C)  employee expansion. 
D)  immediate liquidation of assets. 
E)  divestiture.

Question 9

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 10

The IE Matrix can be divided into three major regions that have different strategy implications: grow and build, hold and maintain, and harvest or divest.

Accepted Answer

A) True 
 B)False

Question 11

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

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 12

In the BCG Matrix, which element represents the industry growth rate in sales, measured in percentage terms?

Accepted Answer

A)  x-axis 
B)  y-axis 
C)  first quadrant 
D)  second quadrant 
E)  third quadrant 
A)  x-axis 
B)  y-axis 
C)  first quadrant 
D)  second quadrant 
E)  third quadrant

Question 13

Good intuitive judgment is always needed to determine appropriate weights and ratings in the input stage matrices.

Accepted Answer

A) True 
 B)False

Question 14

The midpoint on the x-axis of a BCG Matrix is typically set at 0.05.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following analytical tools consists of a nine-cell matrix?

Accepted Answer

A)  BCG Matrix 
B)  Competitive Profile Matrix 
C)  SPACE Matrix 
D)  Grand Strategy Matrix 
E)  Internal-External Matrix 
A)  BCG Matrix 
B)  Competitive Profile Matrix 
C)  SPACE Matrix 
D)  Grand Strategy Matrix 
E)  Internal-External Matrix

Question 16

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 17

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 18

What type of strategies would you recommend when a firm's SPACE Matrix directional vector has the coordinates (-2, +3)?

Accepted Answer

A)  Aggressive 
B)  Conservative 
C)  Competitive 
D)  Defensive 
E)  Integrative 
A)  Aggressive 
B)  Conservative 
C)  Competitive 
D)  Defensive 
E)  Integrative

Question 19

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 20

Strategy changes may be highly effective and productive if a supportive culture does not exist.

Accepted Answer

A) True 
 B)False

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

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

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

The BCG Matrix does not reflect whether or not various divisions or their industries are growing over time.

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

The first stage of the strategy-formulation framework is the input stage, and it is directly followed by the decision stage.

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

For companies located in Quadrant III of the Grand Strategy Matrix, the first strategy recommended is

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

The IE Matrix can be divided into three major regions that have different strategy implications: grow and build, hold and maintain, and harvest or divest.

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

In the BCG Matrix, which element represents the industry growth rate in sales, measured in percentage terms?

Good intuitive judgment is always needed to determine appropriate weights and ratings in the input stage matrices.

The midpoint on the x-axis of a BCG Matrix is typically set at 0.05.

Which of the following analytical tools consists of a nine-cell matrix?

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.

What type of strategies would you recommend when a firm's SPACE Matrix directional vector has the coordinates (-2, +3)?

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

Strategy changes may be highly effective and productive if a supportive culture does not exist.

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 top row of a QSPM consists of alternative strategies derived from all of the following EXCEPT

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

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

The BCG Matrix does not reflect whether or not various divisions or their industries are growing over time.

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

The first stage of the strategy-formulation framework is the input stage, and it is directly followed by the decision stage.

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

For companies located in Quadrant III of the Grand Strategy Matrix, the first strategy recommended is

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

The IE Matrix can be divided into three major regions that have different strategy implications: grow and build, hold and maintain, and harvest or divest.

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

In the BCG Matrix, which element represents the industry growth rate in sales, measured in percentage terms?

Good intuitive judgment is always needed to determine appropriate weights and ratings in the input stage matrices.

The midpoint on the x-axis of a BCG Matrix is typically set at 0.05.

Which of the following analytical tools consists of a nine-cell matrix?

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.

What type of strategies would you recommend when a firm's SPACE Matrix directional vector has the coordinates (-2, +3)?

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

Strategy changes may be highly effective and productive if a supportive culture does not exist.

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

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