Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

Although Quadrant ________ companies are growing, according to the Grand Strategy Matrix they are unable to compete effectively, and they need to determine why the firm's current approach is ineffective and how the company can best change to improve its competitiveness.

Accepted Answer

A)  I 
B)  II 
C)  III 
D)  IV 
E)  V 
A)  I 
B)  II 
C)  III 
D)  IV 
E)  V

Question 3

The firm should pursue aggressive strategies if the coordinates of a SPACE directional vector are (+5, +4).

Accepted Answer

A) True 
 B)False

Question 4

Which of the following is a limitation associated with a SWOT Matrix?

Accepted Answer

A)  Viewing every business as a Star, Cash Cow, Dog, or Question Mark is an oversimplification. 
B)  Many businesses fall right in the middle of the matrix. 
C)  It is a static assessment in time. 
D)  Other variables besides relative market share position and industry growth rate in sales need to be considered. 
E)  The matrix does not reflect whether or not various divisions or their industry are growing over time. 
A)  Viewing every business as a Star, Cash Cow, Dog, or Question Mark is an oversimplification. 
B)  Many businesses fall right in the middle of the matrix. 
C)  It is a static assessment in time. 
D)  Other variables besides relative market share position and industry growth rate in sales need to be considered. 
E)  The matrix does not reflect whether or not various divisions or their industry are growing over time.

Question 5

Each of the nine techniques included in the strategy formulation framework rely on the use of

Accepted Answer

A)  strictly factual data. 
B)  luck. 
C)  financial formulas and statistics. 
D)  intuition and analysis. 
E)  synergy. 
A)  strictly factual data. 
B)  luck. 
C)  financial formulas and statistics. 
D)  intuition and analysis. 
E)  synergy.

Question 6

Strategy formulation requires coordination among a few individuals, but strategy implementation requires coordination among many.

Accepted Answer

A) True 
 B)False

Question 7

Successful strategists minimize their own political exposure on issues that are highly controversial and in circumstances where opposition from major power centers is likely.

Accepted Answer

A) True 
 B)False

Question 8

What is the highest number of strategies that can be examined at one time with the QSPM?

Accepted Answer

A)  1 
B)  2 
C)  5 
D)  10 
E)  There is no limit. 
A)  1 
B)  2 
C)  5 
D)  10 
E)  There is no limit.

Question 9

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 10

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

Accepted Answer

A) True 
 B)False

Question 11

In a BCG Matrix the pie slice indicates the proportion of corporate profits generated by that division.

Accepted Answer

A) True 
 B)False

Question 12

Using a Grand Strategy Matrix approach, what strategies are recommended for a firm that is a weak competitor in a slow-growing market? Elaborate on what these strategies could mean for a college or university.

Accepted Answer

The answer of Using a Grand Strategy Matrix approach, what...

Question 13

All of the following are limitations of the BCG Matrix EXCEPT

Accepted Answer

A)  Viewing every business as a star, cash cow, dog or question mark can be an oversimplification. 
B)  The Matrix requires at least three years worth of data. 
C)  The Matrix does not reflect divisional or industry growth over time. 
D)  The Matrix does not allow a company to be classified as somewhere in between two categories. 
E)  Variables such as size of market and competitive advantages are not considered in the Matrix. 
A)  Viewing every business as a star, cash cow, dog or question mark can be an oversimplification. 
B)  The Matrix requires at least three years worth of data. 
C)  The Matrix does not reflect divisional or industry growth over time. 
D)  The Matrix does not allow a company to be classified as somewhere in between two categories. 
E)  Variables such as size of market and competitive advantages are not considered in the Matrix.

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

Although Quadrant ________ companies are growing, according to the Grand Strategy Matrix they are unable to compete effectively, and they need to determine why the firm's current approach is ineffective and how the company can best change to improve its competitiveness.

The firm should pursue aggressive strategies if the coordinates of a SPACE directional vector are (+5, +4).

Which of the following is a limitation associated with a SWOT Matrix?

Each of the nine techniques included in the strategy formulation framework rely on the use of

Strategy formulation requires coordination among a few individuals, but strategy implementation requires coordination among many.

Successful strategists minimize their own political exposure on issues that are highly controversial and in circumstances where opposition from major power centers is likely.

What is the highest number of strategies that can be examined at one time with the QSPM?

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.

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

In a BCG Matrix the pie slice indicates the proportion of corporate profits generated by that division.

Using a Grand Strategy Matrix approach, what strategies are recommended for a firm that is a weak competitor in a slow-growing market? Elaborate on what these strategies could mean for a college or university.

All of the following are limitations of the BCG Matrix EXCEPT

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

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

Although Quadrant ________ companies are growing, according to the Grand Strategy Matrix they are unable to compete effectively, and they need to determine why the firm's current approach is ineffective and how the company can best change to improve its competitiveness.

The firm should pursue aggressive strategies if the coordinates of a SPACE directional vector are (+5, +4).

Which of the following is a limitation associated with a SWOT Matrix?

Each of the nine techniques included in the strategy formulation framework rely on the use of

Strategy formulation requires coordination among a few individuals, but strategy implementation requires coordination among many.

Successful strategists minimize their own political exposure on issues that are highly controversial and in circumstances where opposition from major power centers is likely.

What is the highest number of strategies that can be examined at one time with the QSPM?

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.

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

In a BCG Matrix the pie slice indicates the proportion of corporate profits generated by that division.

Using a Grand Strategy Matrix approach, what strategies are recommended for a firm that is a weak competitor in a slow-growing market? Elaborate on what these strategies could mean for a college or university.

All of the following are limitations of the BCG Matrix EXCEPT

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