Question 1

On the x-axis of the IE Matrix, an IFE total weighted score of 2.5 represents a weak internal position.

Accepted Answer

A) True 
 B)False

Question 2

________ includes the set of shared values, beliefs, attitudes, customs, norms, rites, rituals, personalities, heroes, and heroines that describe a firm.

Accepted Answer

A)  Strategy 
B)  Culture 
C)  Mission 
D)  Objectives 
E)  QSPM 
A)  Strategy 
B)  Culture 
C)  Mission 
D)  Objectives 
E)  QSPM

Question 3

Which of these is a limitation of QSPM?

Accepted Answer

A)  Only a few strategies can be evaluated at once. 
B)  It is prohibitively expensive. 
C)  It requires intuitive informed judgments. 
D)  Strategies cannot be examined sequentially. 
E)  It makes it more likely that key factors will be overlooked or weighted inappropriately. 
A)  Only a few strategies can be evaluated at once. 
B)  It is prohibitively expensive. 
C)  It requires intuitive informed judgments. 
D)  Strategies cannot be examined sequentially. 
E)  It makes it more likely that key factors will be overlooked or weighted inappropriately.

Question 4

Having no temporal qualities, the BCG Matrix is a snapshot of an organization at a given point in time.

Accepted Answer

A) True 
 B)False

Question 5

Which stage of the strategy-formulation framework includes the IFE Matrix?

Accepted Answer

A)  Input stage 
B)  Analysis stage 
C)  Matching stage 
D)  Decision stage 
E)  Output stage 
A)  Input stage 
B)  Analysis stage 
C)  Matching stage 
D)  Decision stage 
E)  Output stage

Question 6

In the Boston Consulting Group (BCG) Matrix, which strategy would be most appropriate for a division classified as a Dog?

Accepted Answer

A)  Market penetration 
B)  Market development 
C)  Product development 
D)  Retrenchment 
E)  Forward integration 
A)  Market penetration 
B)  Market development 
C)  Product development 
D)  Retrenchment 
E)  Forward integration

Question 7

Which board of director's duty falls under the category of control and oversight over management?

Accepted Answer

A)  Select new directors 
B)  Pass bylaws and related resolutions 
C)  Select the CEO 
D)  Maintain good public image 
E)  Ensure equitable stockholder representation 
A)  Select new directors 
B)  Pass bylaws and related resolutions 
C)  Select the CEO 
D)  Maintain good public image 
E)  Ensure equitable stockholder representation

Question 8

Which matrix is included in the decision stage of the strategy formulation framework?

Accepted Answer

A)  Internal Factor Evaluation (IF
E)  Matrix 
B)  Quantitative Strategic Planning Matrix (QSPM) 
C)  Boston Consulting Group (BCG) Matrix 
D)  Grand Strategy Matrix 
E)  Strategic Position and Action Evaluation (SPAC
E)  Matrix 
A)  Internal Factor Evaluation (IF
E)  Matrix 
B)  Quantitative Strategic Planning Matrix (QSPM) 
C)  Boston Consulting Group (BCG) Matrix 
D)  Grand Strategy Matrix 
E)  Strategic Position and Action Evaluation (SPAC
E)  Matrix

Question 9

The most important determinants of an organization's overall strategic position are considered to be the two internal dimensions, financial position (FP) and competitive position (CP), and the two external dimensions, industry position (IP) and stability position (SP).

Accepted Answer

A) True 
 B)False

Question 10

Which of the following analytical tools consists of a nine-cell matrix?

Accepted Answer

A)  Boston Consulting Group (BCG) Matrix 
B)  Competitive Profile Matrix (CPM) 
C)  Strategic Position and Action Evaluation (SPAC
E)  Matrix 
D)  Grand Strategy Matrix 
E)  Internal-External (I
E)  Matrix 
A)  Boston Consulting Group (BCG) Matrix 
B)  Competitive Profile Matrix (CPM) 
C)  Strategic Position and Action Evaluation (SPAC
E)  Matrix 
D)  Grand Strategy Matrix 
E)  Internal-External (I
E)  Matrix

Question 11

Using a Grand Strategy Matrix approach, what strategies are recommended for a firm that is a weak competitor in a slow-growing market? Elaborate on what these strategies could mean for a college or university.

Accepted Answer

A firm that is a weak competitor in a sl

Question 12

Explain the concept of matching in the strategy formulation framework.

Accepted Answer

Stage 2 of the strategy-formul

Question 13

The act of oversight and direction for an organization is referred to as

Accepted Answer

A)  corporate lawmaking. 
B)  centralized control. 
C)  organizational direction. 
D)  establishing norms. 
E)  governance. 
A)  corporate lawmaking. 
B)  centralized control. 
C)  organizational direction. 
D)  establishing norms. 
E)  governance.

Question 14

According to the Grand Strategy Matrix, Quadrant III organizations compete in rapid-growth industries and have strong competitive positions.

Accepted Answer

A) True 
 B)False

Question 15

To objectively evaluate feasible alternative strategies identified in Stage 2, the Quantitative Strategic Planning Matrix (QSPM) uses input information derived from Stage 1.

Accepted Answer

A) True 
 B)False

Question 16

What are two of the strategies that you might recommend, if the Strategic Position and Action Evaluation (SPACE) Matrix directional vector points to the lower left quadrant?

Accepted Answer

Students should suggest defens

Question 17

According to the Grand Strategy Matrix, which strategy is recommended for a firm with rapid market growth and a strong competitive position?

Accepted Answer

A)  Market penetration 
B)  Unrelated diversification 
C)  Joint venture 
D)  Retrenchment 
E)  Liquidation 
A)  Market penetration 
B)  Unrelated diversification 
C)  Joint venture 
D)  Retrenchment 
E)  Liquidation

Question 18

Shifting focus from specific issues to more general ones may help strategists gain commitment and achieve desired results.

Accepted Answer

A) True 
 B)False

Question 19

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

Accepted Answer

A)  long-term; short-term 
B)  subjective; objective 
C)  short-term; long-term 
D)  subjective; short-term 
E)  objective; subjective 
A)  long-term; short-term 
B)  subjective; objective 
C)  short-term; long-term 
D)  subjective; short-term 
E)  objective; subjective

On the x-axis of the IE Matrix, an IFE total weighted score of 2.5 represents a weak internal position.

________ includes the set of shared values, beliefs, attitudes, customs, norms, rites, rituals, personalities, heroes, and heroines that describe a firm.

Which of these is a limitation of QSPM?

Having no temporal qualities, the BCG Matrix is a snapshot of an organization at a given point in time.

Which stage of the strategy-formulation framework includes the IFE Matrix?

In the Boston Consulting Group (BCG) Matrix, which strategy would be most appropriate for a division classified as a Dog?

Which board of director's duty falls under the category of control and oversight over management?

Which matrix is included in the decision stage of the strategy formulation framework?

The most important determinants of an organization's overall strategic position are considered to be the two internal dimensions, financial position (FP) and competitive position (CP), and the two external dimensions, industry position (IP) and stability position (SP).

Which of the following analytical tools consists of a nine-cell matrix?

Using a Grand Strategy Matrix approach, what strategies are recommended for a firm that is a weak competitor in a slow-growing market? Elaborate on what these strategies could mean for a college or university.

Explain the concept of matching in the strategy formulation framework.

The act of oversight and direction for an organization is referred to as

According to the Grand Strategy Matrix, Quadrant III organizations compete in rapid-growth industries and have strong competitive positions.

To objectively evaluate feasible alternative strategies identified in Stage 2, the Quantitative Strategic Planning Matrix (QSPM) uses input information derived from Stage 1.

What are two of the strategies that you might recommend, if the Strategic Position and Action Evaluation (SPACE) Matrix directional vector points to the lower left quadrant?

According to the Grand Strategy Matrix, which strategy is recommended for a firm with rapid market growth and a strong competitive position?

Shifting focus from specific issues to more general ones may help strategists gain commitment and achieve desired results.

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

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

On the x-axis of the IE Matrix, an IFE total weighted score of 2.5 represents a weak internal position.

________ includes the set of shared values, beliefs, attitudes, customs, norms, rites, rituals, personalities, heroes, and heroines that describe a firm.

Which of these is a limitation of QSPM?

Having no temporal qualities, the BCG Matrix is a snapshot of an organization at a given point in time.

Which stage of the strategy-formulation framework includes the IFE Matrix?

In the Boston Consulting Group (BCG) Matrix, which strategy would be most appropriate for a division classified as a Dog?

Which board of director's duty falls under the category of control and oversight over management?

Which matrix is included in the decision stage of the strategy formulation framework?

The most important determinants of an organization's overall strategic position are considered to be the two internal dimensions, financial position (FP) and competitive position (CP), and the two external dimensions, industry position (IP) and stability position (SP).

Which of the following analytical tools consists of a nine-cell matrix?

Using a Grand Strategy Matrix approach, what strategies are recommended for a firm that is a weak competitor in a slow-growing market? Elaborate on what these strategies could mean for a college or university.

Explain the concept of matching in the strategy formulation framework.

The act of oversight and direction for an organization is referred to as

According to the Grand Strategy Matrix, Quadrant III organizations compete in rapid-growth industries and have strong competitive positions.

To objectively evaluate feasible alternative strategies identified in Stage 2, the Quantitative Strategic Planning Matrix (QSPM) uses input information derived from Stage 1.

What are two of the strategies that you might recommend, if the Strategic Position and Action Evaluation (SPACE) Matrix directional vector points to the lower left quadrant?

According to the Grand Strategy Matrix, which strategy is recommended for a firm with rapid market growth and a strong competitive position?

Shifting focus from specific issues to more general ones may help strategists gain commitment and achieve desired results.

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

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

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