Question 1

The Boston Consulting Group (BCG) Matrix is designed specifically to enhance which type of firm's efforts to formulate strategies?

Accepted Answer

A)  Companies with more than one division 
B)  Large companies 
C)  Companies with annual sales greater than $1 million 
D)  Companies with annual sales of less than $1 million 
E)  All companies 
A)  Companies with more than one division 
B)  Large companies 
C)  Companies with annual sales greater than $1 million 
D)  Companies with annual sales of less than $1 million 
E)  All companies

Question 2

________ is the unique way an organization does business.

Accepted Answer

A)  Attitude 
B)  Belief System 
C)  Culture 
D)  Demographics 
E)  Strategy 
A)  Attitude 
B)  Belief System 
C)  Culture 
D)  Demographics 
E)  Strategy

Question 3

Which strategies are defensive tactics directed at reducing internal weaknesses and avoiding external threats?

Accepted Answer

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

Question 4

Today, boards of directors are composed mostly of

Accepted Answer

A)  outsiders. 
B)  management. 
C)  union members. 
D)  company employees. 
E)  past executives. 
A)  outsiders. 
B)  management. 
C)  union members. 
D)  company employees. 
E)  past executives.

Question 5

Explain the benefits and limitations of developing a Boston Consulting Group (BCG) Matrix.

Accepted Answer

The major benefit of the BCG Matrix is t

Question 6

Total attractiveness scores are defined as the sum of the attractiveness scores in a given column of the QSPM and are computed in the second step of the Quantitative Strategic Planning Matrix (QSPM).

Accepted Answer

A) True 
 B)False

Question 7

Market penetration can be classified as either a conservative, aggressive, or competitive strategy when using the Strategic Position and Action Evaluation (SPACE) Matrix.

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

Shifting focus from general issues to specific issues generally helps strategists gain commitment and achieve desired results.

Accepted Answer

A) True 
 B)False

Question 10

The major benefit of the Boston Consulting Group (BCG) Matrix is that it draws attention to the cash flow, investment characteristics, and needs of an organization's various divisions

Accepted Answer

A) True 
 B)False

Question 11

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 12

State three of BusinessWeek's "principles of good governance" (rules for boards of directors).

Accepted Answer

The principles are 1) Never have more th

Question 13

Strategy changes may be highly ineffective, but not counterproductive, if a supportive culture does not exist.

Accepted Answer

A) True 
 B)False

Question 14

A positive feature of the Quantitative Strategic Planning Matrix (QSPM) is that sets of strategies can be examined sequentially or simultaneously.

Accepted Answer

A) True 
 B)False

Question 15

The SWOT matrix, if used appropriately, does not have any limitations.

Accepted Answer

A) True 
 B)False

Question 16

The purpose of matching key factors is to generate feasible alternative strategies.

Accepted Answer

A) True 
 B)False

Question 17

What are the two external dimensions of the SPACE Matrix?

Accepted Answer

A)  Stability position and industry position 
B)  Stability position and competitive position 
C)  Industry position and competitive position 
D)  Competitive position and financial position 
E)  Financial position and industry position 
A)  Stability position and industry position 
B)  Stability position and competitive position 
C)  Industry position and competitive position 
D)  Competitive position and financial position 
E)  Financial position and industry position

Question 18

Stars, Question Marks, Cash Cows, and Dogs are the four quadrants exhibited by the Boston Consulting Group (BCG) Matrix.

Accepted Answer

A) True 
 B)False

Question 19

Industry growth rate is given on the x-axis of the Boston Consulting Group (BCG) Matrix.

Accepted Answer

A) True 
 B)False

Question 20

The two positive-rated dimensions on the SPACE Matrix are

Accepted Answer

A)  FP and CP. 
B)  CP and SP. 
C)  FP and IP. 
D)  IP and SP. 
E)  FP and SP. 
A)  FP and CP. 
B)  CP and SP. 
C)  FP and IP. 
D)  IP and SP. 
E)  FP and SP.

The Boston Consulting Group (BCG) Matrix is designed specifically to enhance which type of firm's efforts to formulate strategies?

________ is the unique way an organization does business.

Which strategies are defensive tactics directed at reducing internal weaknesses and avoiding external threats?

Today, boards of directors are composed mostly of

Explain the benefits and limitations of developing a Boston Consulting Group (BCG) Matrix.

Total attractiveness scores are defined as the sum of the attractiveness scores in a given column of the QSPM and are computed in the second step of the Quantitative Strategic Planning Matrix (QSPM).

Market penetration can be classified as either a conservative, aggressive, or competitive strategy when using the Strategic Position and Action Evaluation (SPACE) Matrix.

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

Shifting focus from general issues to specific issues generally helps strategists gain commitment and achieve desired results.

The major benefit of the Boston Consulting Group (BCG) Matrix is that it draws attention to the cash flow, investment characteristics, and needs of an organization's various divisions

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

State three of BusinessWeek's "principles of good governance" (rules for boards of directors).

Strategy changes may be highly ineffective, but not counterproductive, if a supportive culture does not exist.

A positive feature of the Quantitative Strategic Planning Matrix (QSPM) is that sets of strategies can be examined sequentially or simultaneously.

The SWOT matrix, if used appropriately, does not have any limitations.

The purpose of matching key factors is to generate feasible alternative strategies.

What are the two external dimensions of the SPACE Matrix?

Stars, Question Marks, Cash Cows, and Dogs are the four quadrants exhibited by the Boston Consulting Group (BCG) Matrix.

Industry growth rate is given on the x-axis of the Boston Consulting Group (BCG) Matrix.

The two positive-rated dimensions on the SPACE Matrix are

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 Boston Consulting Group (BCG) Matrix is designed specifically to enhance which type of firm's efforts to formulate strategies?

________ is the unique way an organization does business.

Which strategies are defensive tactics directed at reducing internal weaknesses and avoiding external threats?

Today, boards of directors are composed mostly of

Explain the benefits and limitations of developing a Boston Consulting Group (BCG) Matrix.

Total attractiveness scores are defined as the sum of the attractiveness scores in a given column of the QSPM and are computed in the second step of the Quantitative Strategic Planning Matrix (QSPM).

Market penetration can be classified as either a conservative, aggressive, or competitive strategy when using the Strategic Position and Action Evaluation (SPACE) Matrix.

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

Shifting focus from general issues to specific issues generally helps strategists gain commitment and achieve desired results.

The major benefit of the Boston Consulting Group (BCG) Matrix is that it draws attention to the cash flow, investment characteristics, and needs of an organization's various divisions

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

State three of BusinessWeek's "principles of good governance" (rules for boards of directors).

Strategy changes may be highly ineffective, but not counterproductive, if a supportive culture does not exist.

A positive feature of the Quantitative Strategic Planning Matrix (QSPM) is that sets of strategies can be examined sequentially or simultaneously.

The SWOT matrix, if used appropriately, does not have any limitations.

The purpose of matching key factors is to generate feasible alternative strategies.

What are the two external dimensions of the SPACE Matrix?

Stars, Question Marks, Cash Cows, and Dogs are the four quadrants exhibited by the Boston Consulting Group (BCG) Matrix.

Industry growth rate is given on the x-axis of the Boston Consulting Group (BCG) Matrix.

The two positive-rated dimensions on the SPACE Matrix are

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