Question 1

The midpoint on the x-axis of a Boston Consulting Group (BCG) Matrix is typically set at 0.05

Accepted Answer

A) True 
 B)False

Question 2

According to the Grand Strategy Matrix, organizations in which quadrant have a strong competitive position but are in a slow-growth industry?

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 Sarbanes-Oxley Act put an end to the "country-club" atmosphere of most boards and has shifted power from CEOs to directors.

Accepted Answer

A) True 
 B)False

Question 4

The pie slice in a BCG Matrix corresponds to the proportion of corporate revenue generated by that business unit.

Accepted Answer

A) True 
 B)False

Question 5

The Grand Strategy Matrix is based on two evaluative dimensions, market share and market growth.

Accepted Answer

A) True 
 B)False

Question 6

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 7

Alternative strategies don't come out of the blue; they are derived from the firm's vision, mission, objectives, external audit, and internal audit.

Accepted Answer

A) True 
 B)False

Question 8

Which strategies aim at improving internal weaknesses by taking advantage of external opportunities?

Accepted Answer

A)  SO 
B)  WO 
C)  SW 
D)  ST 
E)  WT 
A)  SO 
B)  WO 
C)  SW 
D)  ST 
E)  WT

Question 9

An effective way to gain commitment and achieve desired results is to

Accepted Answer

A)  emphasize that imposing a particular method is more important than achieving desired results. 
B)  shift from specific to general issues and concerns. 
C)  eliminate middle level managers from strategic decisions. 
D)  switch from long-term to short-term issues and concerns. 
E)  realize that it's better to achieve optimal results with an unpopular strategy than to achieve satisfactory results with a popular strategy. 
A)  emphasize that imposing a particular method is more important than achieving desired results. 
B)  shift from specific to general issues and concerns. 
C)  eliminate middle level managers from strategic decisions. 
D)  switch from long-term to short-term issues and concerns. 
E)  realize that it's better to achieve optimal results with an unpopular strategy than to achieve satisfactory results with a popular strategy.

Question 10

Both the Internal-External (IE) and Boston Consulting Group (BCG) Matrices are called portfolio matrices.

Accepted Answer

A) True 
 B)False

Question 11

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 12

Which of the following is the first step in developing a QSPM?

Accepted Answer

A)  Compute the Total Attractiveness Scores. 
B)  Examine the Stage 2 matrices and identify alternative strategies the organization should consider implementing. 
C)  Assign weights to each key external and internal factor. 
D)  Determine the Attractiveness Scores. 
E)  Make a list of the firm's key external opportunities and threats and internal strengths and weaknesses in the left column of the QSPM. 
A)  Compute the Total Attractiveness Scores. 
B)  Examine the Stage 2 matrices and identify alternative strategies the organization should consider implementing. 
C)  Assign weights to each key external and internal factor. 
D)  Determine the Attractiveness Scores. 
E)  Make a list of the firm's key external opportunities and threats and internal strengths and weaknesses in the left column of the QSPM.

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

Which section of the SWOT Matrix involves matching internal strengths with external opportunities?

Accepted Answer

A)  The WT cell 
B)  The SW cell 
C)  The WO cell 
D)  The ST cell 
E)  The SO cell 
A)  The WT cell 
B)  The SW cell 
C)  The WO cell 
D)  The ST cell 
E)  The SO cell

Question 15

Strengths-opportunities strategies are based on using a firm's internal strengths to take advantage of external opportunities.

Accepted Answer

A) True 
 B)False

Question 16

The two internal dimensions represented on the axes of the SPACE Matrix are

Accepted Answer

A)  stability position and industry position. 
B)  industry position and internationalization. 
C)  internationalization and competitive position. 
D)  competitive position and financial position. 
E)  financial position and stability position. 
A)  stability position and industry position. 
B)  industry position and internationalization. 
C)  internationalization and competitive position. 
D)  competitive position and financial position. 
E)  financial position and stability position.

Question 17

Trying to achieve optimal results with an unpopular strategy is always better than achieving satisfactory results with a popular strategy.

Accepted Answer

A) True 
 B)False

Question 18

Although a firm positioned in Quadrant ________ of the Grand Strategy Matrix is in a growing industry, it is unable to compete effectively and needs to determine why the firm's current approach is ineffective and how to best change to improve competitiveness.

Accepted Answer

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

Question 19

Relative market share position is given on the x-axis of the Boston Consulting Group (BCG) Matrix.

Accepted Answer

A) True 
 B)False

Question 20

In the Boston Consulting Group (BCG) Matrix, how would a division with a low relative market share position in a high growth industry be described?

Accepted Answer

A)  Question Mark 
B)  Cash Cow 
C)  Star 
D)  Stuck-in-the-middle 
E)  Dog 
A)  Question Mark 
B)  Cash Cow 
C)  Star 
D)  Stuck-in-the-middle 
E)  Dog

The midpoint on the x-axis of a Boston Consulting Group (BCG) Matrix is typically set at 0.05

According to the Grand Strategy Matrix, organizations in which quadrant have a strong competitive position but are in a slow-growth industry?

The Sarbanes-Oxley Act put an end to the "country-club" atmosphere of most boards and has shifted power from CEOs to directors.

The pie slice in a BCG Matrix corresponds to the proportion of corporate revenue generated by that business unit.

The Grand Strategy Matrix is based on two evaluative dimensions, market share and market growth.

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

Alternative strategies don't come out of the blue; they are derived from the firm's vision, mission, objectives, external audit, and internal audit.

Which strategies aim at improving internal weaknesses by taking advantage of external opportunities?

An effective way to gain commitment and achieve desired results is to

Both the Internal-External (IE) and Boston Consulting Group (BCG) Matrices are called portfolio matrices.

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

Which of the following is the first step in developing a QSPM?

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

Which section of the SWOT Matrix involves matching internal strengths with external opportunities?

Strengths-opportunities strategies are based on using a firm's internal strengths to take advantage of external opportunities.

The two internal dimensions represented on the axes of the SPACE Matrix are

Trying to achieve optimal results with an unpopular strategy is always better than achieving satisfactory results with a popular strategy.

Although a firm positioned in Quadrant ________ of the Grand Strategy Matrix is in a growing industry, it is unable to compete effectively and needs to determine why the firm's current approach is ineffective and how to best change to improve competitiveness.

Relative market share position is given on the x-axis of the Boston Consulting Group (BCG) Matrix.

In the Boston Consulting Group (BCG) Matrix, how would a division with a low relative market share position in a high growth industry be described?

The Nature of Strategic Management

The Business Vision and Mission

The External Assessment

The Internal Assessment

Strategies in Action

Implementing Strategies: Management, Operations, and Human Resource Issues

Implementing Strategies: Marketing, Financeaccounting, Rd, and Mis Issues

Strategy Review, Evaluation, and Control

Business Ethics, Social Responsibility, and Environmental Sustainability

Global and International Issues

Filters

Exam 6: Strategy Analysis and Choice

The midpoint on the x-axis of a Boston Consulting Group (BCG) Matrix is typically set at 0.05

According to the Grand Strategy Matrix, organizations in which quadrant have a strong competitive position but are in a slow-growth industry?

The Sarbanes-Oxley Act put an end to the "country-club" atmosphere of most boards and has shifted power from CEOs to directors.

The pie slice in a BCG Matrix corresponds to the proportion of corporate revenue generated by that business unit.

The Grand Strategy Matrix is based on two evaluative dimensions, market share and market growth.

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

Alternative strategies don't come out of the blue; they are derived from the firm's vision, mission, objectives, external audit, and internal audit.

Which strategies aim at improving internal weaknesses by taking advantage of external opportunities?

An effective way to gain commitment and achieve desired results is to

Both the Internal-External (IE) and Boston Consulting Group (BCG) Matrices are called portfolio matrices.

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

Which of the following is the first step in developing a QSPM?

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

Which section of the SWOT Matrix involves matching internal strengths with external opportunities?

Strengths-opportunities strategies are based on using a firm's internal strengths to take advantage of external opportunities.

The two internal dimensions represented on the axes of the SPACE Matrix are

Trying to achieve optimal results with an unpopular strategy is always better than achieving satisfactory results with a popular strategy.

Although a firm positioned in Quadrant ________ of the Grand Strategy Matrix is in a growing industry, it is unable to compete effectively and needs to determine why the firm's current approach is ineffective and how to best change to improve competitiveness.

Relative market share position is given on the x-axis of the Boston Consulting Group (BCG) Matrix.

In the Boston Consulting Group (BCG) Matrix, how would a division with a low relative market share position in a high growth industry be described?

The Nature of Strategic Management

The Business Vision and Mission

The External Assessment

The Internal Assessment

Strategies in Action

Implementing Strategies: Management, Operations, and Human Resource Issues

Implementing Strategies: Marketing, Financeaccounting, Rd, and Mis Issues

Strategy Review, Evaluation, and Control

Business Ethics, Social Responsibility, and Environmental Sustainability

Global and International Issues

Filters