Exam 6: Strategy Analysis and Choice
Exam 1: The Nature of Strategic Management123 Questions
Exam 2: The Business Vision and Mission120 Questions
Exam 3: The External Assessment115 Questions
Exam 4: The Internal Assessment123 Questions
Exam 5: Strategies in Action123 Questions
Exam 6: Strategy Analysis and Choice119 Questions
Exam 7: Implementing Strategies: Management, Operations, and Human Resource Issues116 Questions
Exam 8: Implementing Strategies: Marketing, Financeaccounting, Rd, and Mis Issues117 Questions
Exam 9: Strategy Review, Evaluation, and Control122 Questions
Exam 10: Business Ethics, Social Responsibility, and Environmental Sustainability117 Questions
Exam 11: Global and International Issues126 Questions
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In the BCG Matrix, a division with a high relative market share position in a low-growth industry can be described as a
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(Multiple Choice)
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Correct Answer:
B
An organization's present strategies, objectives, vision, and mission, coupled with the external and internal audit information, provide a basis for
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(Multiple Choice)
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Correct Answer:
B
To objectively evaluate feasible alternative strategies identified in Stage 1, the Quantitative Strategic Planning Matrix (QSPM) uses input information derived from Stage 2.
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(True/False)
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Correct Answer:
False
The first stage of the strategy-formulation framework is the input stage, and it is directly followed by the decision stage.
(True/False)
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The trend in the United States is toward larger boards of directors, with an average of 18 members being the norm.
(True/False)
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Forward integration would be an appropriate strategy for which of the following types of divisions in the Boston Consulting Group (BCG) Matrix?
(Multiple Choice)
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The stability position (SP) and competitive position (CP) dimension variables in a SPACE Matrix are assigned a numerical value ranging from -1 (best) to -7 (worst).
(True/False)
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An organization's present strategies, objectives, vision, and mission, coupled with the external and internal audit information, provide a basis for generating and evaluating feasible alternative strategies.
(True/False)
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Culture includes the set of shared values, beliefs, attitudes, customs, norms, rites, rituals, personalities, heroes, and heroines that describe a firm.
(True/False)
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What term is defined as the product of multiplying the weights by the Attractiveness Scores in each row of the QSPM?
(Multiple Choice)
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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?
(Multiple Choice)
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In the BCG Matrix, when a division of an organization has a high relative market share and is in a fast-growing industry, it is called a
(Multiple Choice)
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All of the following are principles of good organizational governance, as established by BusinessWeek, EXCEPT
(Multiple Choice)
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Which strategy-formulation technique reveals the relative attractiveness of alternative strategies and thus provides an objective basis for selecting specific strategies?
(Multiple Choice)
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Describe some tactics used by politicians that can also aid strategists.
(Essay)
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Which stage of the strategy-formulation framework includes an IFE Matrix and the Competitive Profile Matrix?
(Multiple Choice)
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Whenever two firms merge, it becomes especially important to evaluate and consider culture-strategy linkages.
(True/False)
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Compare and contrast the Internal-External (I
E) Matrix with the Boston Consulting Group (BC
G) Matrix.
(Essay)
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