Exam 6: Strategy Analysis and Choice

An organization's present strategies, objectives and mission provide a basis for generating and evaluating feasible alternative strategies, coupled with the external and internal audit information.

Which stage of the strategy formulation framework includes an Internal Factor Evaluation Matrix and a Competitive Profile Matrix?

To objectively evaluate feasible alternative strategies identified in Stage 2, the QSPM uses input information derived from Stage 1.

Which analytical tool consists of a nine-cell matrix?

Describe the tactics that have been used by politicians that can also aid strategists.

On the x-axis of the IE Matrix, an internal factor evaluation score of 2.5 represents a weak internal position.

What analytical tool has four quadrants based on two dimensions: competitive position and market growth?

The Strengths-Weaknesses-Opportunities-Threats (SWOT) Matrix, the Strategic Position and Action Evaluation (SPACE) Matrix, the Boston Consulting Group (BCG) Matrix, the Internal-External (IE) Matrix and the Grand Strategy Matrix are included in stage two of the strategy-formulation framework.

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

Relative market share position is given on the x-axis of the BCG Matrix.

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

The BCG Matrix does not reflect whether or not various divisions or their industries are growing over time.

One of the steps of the SWOT Matrix is to list the firm's key external opportunities.

Sustainability is the idea that a business can meet its financial goals without hurting customers.

In a BCG Matrix the pie slice indicates the proportion of corporate profits generated by that division.

What tactic involves shifting focus from specific issues to more general ones?

In the BCG Matrix, which element represents the industry growth rate in sales, measured in percentage terms?

An organization that has a low relative market share position and competes in a slow-growth industry is referred to as a

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.

The two positive-rated dimensions on SPACE Matrix are