Question 1

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 2

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

Accepted Answer

A) True 
 B)False

Question 3

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

Accepted Answer

A) True 
 B)False

Question 4

Compare and contrast the IE Matrix with the BCG Matrix.

Accepted Answer

The IE Matrix is similar to the BCG Matr

Question 5

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 6

Through which tactic is it possible to achieve similar results using different means or paths?

Accepted Answer

A)  Generalization 
B)  Satisficing 
C)  Focus on higher-order issues 
D)  Equifinality 
E)  Specialization 
A)  Generalization 
B)  Satisficing 
C)  Focus on higher-order issues 
D)  Equifinality 
E)  Specialization

Question 7

Which stage of the strategy formulation framework contains the Internal-Factor Evaluation 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 8

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

Accepted Answer

A)  Input 
B)  Output 
C)  Decision 
D)  Throughput 
E)  Matching 
A)  Input 
B)  Output 
C)  Decision 
D)  Throughput 
E)  Matching

Question 9

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

Accepted Answer

A)  1 
B)  2 
C)  5 
D)  10 
E)  There is no limit 
A)  1 
B)  2 
C)  5 
D)  10 
E)  There is no limit

Question 10

The top row of a QSPM consists of alternative strategies derived from all of these except:

Accepted Answer

A)  Grand Strategy Matrix. 
B)  BCG Matrix. 
C)  Space Matrix. 
D)  CPM Matrix. 
E)  IE Matrix 
A)  Grand Strategy Matrix. 
B)  BCG Matrix. 
C)  Space Matrix. 
D)  CPM Matrix. 
E)  IE Matrix

Question 11

What is a weakness associated with a SWOT Matrix?

Accepted Answer

A)  Viewing every business as a Star, Cash Cow, Dog, or Question Mark is an oversimplification 
B)  Many businesses fall right in the middle of the matrix 
C)  The matrix has no temporal qualities 
D)  Other variables besides relative market share position and industry growth rate in sales need to be considered 
E)  The matrix does not reflect whether or not various divisions or their industry are growing over time 
A)  Viewing every business as a Star, Cash Cow, Dog, or Question Mark is an oversimplification 
B)  Many businesses fall right in the middle of the matrix 
C)  The matrix has no temporal qualities 
D)  Other variables besides relative market share position and industry growth rate in sales need to be considered 
E)  The matrix does not reflect whether or not various divisions or their industry are growing over time

Question 12

Both IE and BCG Matrices are called portfolio matrices.

Accepted Answer

A) True 
 B)False

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

A SWOT Matrix is composed of four cells for the four types of strategies it creates.

Accepted Answer

A) True 
 B)False

Question 16

Shifting focus from specific issues to more general ones may increase strategists' options for gaining organizational commitment.

Accepted Answer

A) True 
 B)False

Question 17

The first stage of the strategy-formulation framework is the input stage, followed by the decision stage.

Accepted Answer

A) True 
 B)False

Question 18

Stage 2 in the strategy-formulation framework involves the Quantitative Strategic Planning Matrix.

Accepted Answer

A) True 
 B)False

Question 19

The most important determinants of an organization's overall strategic position are considered to be the two internal dimensions, financial strength (FS) and competitive advantage (CA), and the two external dimensions, industry strength (IS) and environmental stability (ES).

Accepted Answer

A) True 
 B)False

Question 20

What type of strategy would divestiture be classified as?

Accepted Answer

A)  Aggressive 
B)  Defensive 
C)  Competitive 
D)  Offensive 
E)  Conservative 
A)  Aggressive 
B)  Defensive 
C)  Competitive 
D)  Offensive 
E)  Conservative

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

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

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

Compare and contrast the IE Matrix with the BCG Matrix.

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

Through which tactic is it possible to achieve similar results using different means or paths?

Which stage of the strategy formulation framework contains the Internal-Factor Evaluation Matrix?

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

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

The top row of a QSPM consists of alternative strategies derived from all of these except:

What is a weakness associated with a SWOT Matrix?

Both IE and BCG Matrices are called portfolio matrices.

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

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

A SWOT Matrix is composed of four cells for the four types of strategies it creates.

Shifting focus from specific issues to more general ones may increase strategists' options for gaining organizational commitment.

The first stage of the strategy-formulation framework is the input stage, followed by the decision stage.

Stage 2 in the strategy-formulation framework involves the Quantitative Strategic Planning Matrix.

The most important determinants of an organization's overall strategic position are considered to be the two internal dimensions, financial strength (FS) and competitive advantage (CA), and the two external dimensions, industry strength (IS) and environmental stability (ES).

What type of strategy would divestiture be classified as?

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

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

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

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

Compare and contrast the IE Matrix with the BCG Matrix.

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

Through which tactic is it possible to achieve similar results using different means or paths?

Which stage of the strategy formulation framework contains the Internal-Factor Evaluation Matrix?

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

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

The top row of a QSPM consists of alternative strategies derived from all of these except:

What is a weakness associated with a SWOT Matrix?

Both IE and BCG Matrices are called portfolio matrices.

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

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

A SWOT Matrix is composed of four cells for the four types of strategies it creates.

Shifting focus from specific issues to more general ones may increase strategists' options for gaining organizational commitment.

The first stage of the strategy-formulation framework is the input stage, followed by the decision stage.

Stage 2 in the strategy-formulation framework involves the Quantitative Strategic Planning Matrix.

The most important determinants of an organization's overall strategic position are considered to be the two internal dimensions, financial strength (FS) and competitive advantage (CA), and the two external dimensions, industry strength (IS) and environmental stability (ES).

What type of strategy would divestiture be classified as?

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