Question 1

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 2

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.

Accepted Answer

A) True 
 B)False

Question 3

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

Accepted Answer

A) True 
 B)False

Question 4

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

Question 5

Star, question mark, cash cow and dogs are the four quadrants exhibited by the SPACE Matrix.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is the first step in developing 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/threats and internal strengths/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/threats and internal strengths/weaknesses in the left column of the QSPM

Question 7

What term is defined as the product of multiplying ratings by attractiveness scores in each row of the QSPM?

Accepted Answer

A)  Total attractiveness scores 
B)  Sum total attractiveness scores 
C)  Weighted scores 
D)  Total weighted scores 
E)  Factors 
A)  Total attractiveness scores 
B)  Sum total attractiveness scores 
C)  Weighted scores 
D)  Total weighted scores 
E)  Factors

Question 8

What includes the set of shared values, beliefs, attitudes, customs, norms, 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 9

The firm should pursue conservative strategies if the coordinates of a SPACE directional vector are (1,4).

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

A)  environmental stability and industry strength. 
B)  industry strength and internationalization. 
C)  internationalization and competitive advantage. 
D)  competitive advantage and financial strength. 
E)  financial strength and environmental stability 
A)  environmental stability and industry strength. 
B)  industry strength and internationalization. 
C)  internationalization and competitive advantage. 
D)  competitive advantage and financial strength. 
E)  financial strength and environmental stability

Question 11

The SWOT matrix is widely used as an organizational tool and, if used appropriately, does not have any significant weaknesses.

Accepted Answer

A) True 
 B)False

Question 12

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

Accepted Answer

A) True 
 B)False

Question 13

The ES and CA dimension variables in a SPACE Matrix are assigned a numerical value ranging from -1 (best) to -6 (worst).

Accepted Answer

A) True 
 B)False

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

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

Accepted Answer

A)  A strong industry 
B)  An unstable environment 
C)  A stable environment 
D)  A weak industry 
E)  A weak financial position 
A)  A strong industry 
B)  An unstable environment 
C)  A stable environment 
D)  A weak industry 
E)  A weak financial position

Question 16

Market penetration can be classified as either a conservative, aggressive, or competitive strategy.

Accepted Answer

A) True 
 B)False

Question 17

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

Accepted Answer

A)  Internal Factor Evaluation Matrix 
B)  Quantitative Strategic Planning Matrix 
C)  BCG Business Portfolio Matrix 
D)  Grand Strategy Matrix 
E)  SPACE Matrix 
A)  Internal Factor Evaluation Matrix 
B)  Quantitative Strategic Planning Matrix 
C)  BCG Business Portfolio Matrix 
D)  Grand Strategy Matrix 
E)  SPACE Matrix

Question 18

Which stage of the strategy-formulation framework involves the Quantitative Strategic Planning Matrix?

Accepted Answer

A)  Stage 1 
B)  Stage 2 
C)  Stage 3 
D)  Stage 4 
E)  Stage 5 
A)  Stage 1 
B)  Stage 2 
C)  Stage 3 
D)  Stage 4 
E)  Stage 5

Question 19

In a BCG Matrix, all divisions are called question marks, stars, cash cows or dogs. Define each of these terms.

Accepted Answer

Question Marks have a low relative marke

Question 20

Focusing on Higher-Order Issues means it is often possible to achieve similar results using different means or paths.

Accepted Answer

A) True 
 B)False

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

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.

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

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

Star, question mark, cash cow and dogs are the four quadrants exhibited by the SPACE Matrix.

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

What term is defined as the product of multiplying ratings by attractiveness scores in each row of the QSPM?

What includes the set of shared values, beliefs, attitudes, customs, norms, personalities, heroes and heroines that describe a firm?

The firm should pursue conservative strategies if the coordinates of a SPACE directional vector are (1,4).

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

The SWOT matrix is widely used as an organizational tool and, if used appropriately, does not have any significant weaknesses.

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

The ES and CA dimension variables in a SPACE Matrix are assigned a numerical value ranging from -1 (best) to -6 (worst).

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

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

Market penetration can be classified as either a conservative, aggressive, or competitive strategy.

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

Which stage of the strategy-formulation framework involves the Quantitative Strategic Planning Matrix?

In a BCG Matrix, all divisions are called question marks, stars, cash cows or dogs. Define each of these terms.

Focusing on Higher-Order Issues means it is often possible to achieve similar results using different means or paths.

The Nature of Strategic Management

The Business Vision and Mission

The External Assessment

The Internal Assessment

Strategies in Action

Implementing Strategies: Management and Operations Issues

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

Strategy Review, Evaluation, and Control

Filters

Exam 6: Strategy Analysis and Choice

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

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.

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

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

Star, question mark, cash cow and dogs are the four quadrants exhibited by the SPACE Matrix.

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

What term is defined as the product of multiplying ratings by attractiveness scores in each row of the QSPM?

What includes the set of shared values, beliefs, attitudes, customs, norms, personalities, heroes and heroines that describe a firm?

The firm should pursue conservative strategies if the coordinates of a SPACE directional vector are (1,4).

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

The SWOT matrix is widely used as an organizational tool and, if used appropriately, does not have any significant weaknesses.

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

The ES and CA dimension variables in a SPACE Matrix are assigned a numerical value ranging from -1 (best) to -6 (worst).

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

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

Market penetration can be classified as either a conservative, aggressive, or competitive strategy.

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

Which stage of the strategy-formulation framework involves the Quantitative Strategic Planning Matrix?

In a BCG Matrix, all divisions are called question marks, stars, cash cows or dogs. Define each of these terms.

Focusing on Higher-Order Issues means it is often possible to achieve similar results using different means or paths.

The Nature of Strategic Management

The Business Vision and Mission

The External Assessment

The Internal Assessment

Strategies in Action

Implementing Strategies: Management and Operations Issues

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

Strategy Review, Evaluation, and Control

Filters