Question 1

The text authors note that the essence of strategy is

Accepted Answer

A)  opportunity divided by strengths minus weaknesses. 
B)  strength divided by opportunity. 
C)  threat divided by capacity. 
D)  threat divided by opportunity. 
E)  opportunity divided by threat. 
A)  opportunity divided by strengths minus weaknesses. 
B)  strength divided by opportunity. 
C)  threat divided by capacity. 
D)  threat divided by opportunity. 
E)  opportunity divided by threat.

Question 2

In the development of a SFAS matrix, the first step is to

Accepted Answer

A)  enter the ratings of how the company's management is responding to each of the strategic factors. 
B)  calculate the weighted scores. 
C)  list the most important EFAS and IFAS items. 
D)  indicate short-term goals for the duration. 
E)  enter the weights for all of the internal factors. 
A)  enter the ratings of how the company's management is responding to each of the strategic factors. 
B)  calculate the weighted scores. 
C)  list the most important EFAS and IFAS items. 
D)  indicate short-term goals for the duration. 
E)  enter the weights for all of the internal factors.

Question 3

Collusion

Accepted Answer

A)  may be explicit. 
B)  may be tacit. 
C)  is illegal when explicit. 
D)  can be illegal even when tacit. 
E)  all of the above 
A)  may be explicit. 
B)  may be tacit. 
C)  is illegal when explicit. 
D)  can be illegal even when tacit. 
E)  all of the above

Question 4

One risk of a cost leadership strategy is that the technology for production or of products may change.

Accepted Answer

A) True 
 B)False

The text authors note that the essence of strategy is

In the development of a SFAS matrix, the first step is to

Collusion

One risk of a cost leadership strategy is that the technology for production or of products may change.

Basic Concepts in Strategic Management

Corporate Governance

Ethics and Social Responsibility in Strategic Management

Environmental Scanning and Industry Analysis

Internal Scanning and Organizational Analysis

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Organizing for Action

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters

Exam 6: Strategy Formulation: Situation Analysis and Business Strategy

The text authors note that the essence of strategy is

In the development of a SFAS matrix, the first step is to

Collusion

One risk of a cost leadership strategy is that the technology for production or of products may change.

Basic Concepts in Strategic Management

Corporate Governance

Ethics and Social Responsibility in Strategic Management

Environmental Scanning and Industry Analysis

Internal Scanning and Organizational Analysis

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Organizing for Action

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters