Question 1

Which strategy-formulation technique reveals the relative attractiveness of alternative strategies and thus provides an objective basis for selecting specific strategies?

Accepted Answer

A)   SWOT
B)   SPACE
C)   QSPM
D)   IFE
E)   CPM

Question 2

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

Question 3

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 QSPM.

Accepted Answer

A) True 
 B)False

Question 4

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 5

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

Accepted Answer

A)   Competitive Profile Matrix
B)   Internal-External Matrix
C)   SPACE Matrix
D)   Grand Strategy Matrix
E)   QSPM

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

Effective strategy formulation can usually guarantee successful strategy implementation.

Accepted Answer

A) True 
 B)False

Question 8

Give five coordinates of a SPACE Matrix directional vector that would suggest conservative strategies to be most appropriate.

Accepted Answer

To suggest conservative strategies as mo...

Question 9

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

Question 10

Both IE and BCG Matrices are called portfolio matrices.

Accepted Answer

A) True 
 B)False

Question 11

Cash Cows represent the organization's best long-run opportunities for growth and profitability.

Accepted Answer

A) True 
 B)False

Question 12

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 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.

Question 14

Step 1 of a QSPM assigns weights to each key external and internal factor.

Accepted Answer

A) True 
 B)False

Question 15

Which of these is NOT a SPACE Matrix quadrant?

Accepted Answer

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

Question 16

The 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

Question 17

Which of the following is the first step in developing a 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.

Question 18

In the BCG Matrix, a division that has a low relative market share position and competes in a slow-growth industry is referred to as a

Accepted Answer

A)   Dog.
B)   Question Mark.
C)   Star.
D)   Cash Cow.
E)   Cowboy.

Question 19

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

Accepted Answer

A)   Equifinality
B)   Focus on Higher-Order Issues
C)   Generalization
D)   Satisfying
E)   None of the above

Question 20

Whenever two firms merge, it becomes especially important to evaluate and consider culture-strategies linkages.

Accepted Answer

A) True 
 B)False

Exam 6: Strategy Analysis and Choice

Which of these is NOT a SPACE Matrix quadrant?

Correct AnswerverifiedShow Answer

Which strategy-formulation technique reveals the relative attractiveness of alternative strategies and thus provides an objective basis for selecting specific strategies?

Correct AnswerverifiedShow Answer

Step 1 of a QSPM assigns weights to each key external and internal factor.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Whenever two firms merge, it becomes especially important to evaluate and consider culture-strategies linkages.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The BCG Matrix is designed specifically to enhance which type of firm's efforts to formulate strategies?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

In the BCG Matrix, a division that has a low relative market share position and competes in a slow-growth industry is referred to as a

Correct AnswerverifiedShow Answer

Cash Cows represent the organization's best long-run opportunities for growth and profitability.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

What are the two external dimensions of the SPACE Matrix?

Correct AnswerverifiedShow Answer

Both IE and BCG Matrices are called portfolio matrices.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Effective strategy formulation can usually guarantee successful strategy implementation.

Correct AnswerverifiedShow Answer

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 QSPM.

Correct AnswerverifiedShow Answer

Give five coordinates of a SPACE Matrix directional vector that would suggest conservative strategies to be most appropriate.

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To suggest conservative strategies as mo...
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