Exam 6: Strategy Analysis and Choice

Conservative strategies in a SPACE Matrix most often include product development, market development, market penetration, and related diversification.

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

In the SPACE analysis, what does a (+6, +3) strategy profile portray?

One positive feature of QSPM is that it does not require intuitive judgments and educated assumptions.

Today boards of directors are composed mostly of outsiders who are becoming more involved in an organization's strategic management.

The four strategies of the SPACE Matrix are aggressive, conservative, offensive and defensive.

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

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

Describe the positive features and limitations of the Quantitative Strategic Planning Matrix (QSPM).

The match an organization makes between its internal resources and skills and the opportunities and risks created by its external factors can be defined as

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

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

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.

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

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

The top row of a Quantitative Strategic Planning Matrix (QSPM) consists of alternative strategies derived from all of the following EXCEPT

When a firm located in Quadrant I of the Grand Strategy Matrix is too heavily committed to a single product, related diversification may be appropriate to reduce the risks associated with a narrow product line.

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

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

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