Strategic Management Exam

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

A strong industry position

The Boston Consulting Group (BCG) Matrix is designed specifically to enhance which type of firm's efforts to formulate strategies?

Companies with more than one division

What type of strategies would you recommend when a firm's SPACE Matrix directional vector has the coordinates (-2, +3)?

Conservative

________ is the unique way an organization does business.

Culture

Firms located in which quadrant of the Grand Strategy Matrix are in an excellent strategic position?

I

Which stage of the strategy-formulation framework includes an IFE Matrix and the Competitive Profile Matrix?

Input

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

Input stage

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

Make a list of the firm's key external opportunities and threats and internal strengths and weaknesses in the left column of the QSPM.

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

Matching

Which of these is NOT a SPACE Matrix quadrant?

Offensive

Today, boards of directors are composed mostly of

Outsiders

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

Quantitative Strategic Planning Matrix (QSPM)

What are the two external dimensions of the SPACE Matrix?

Stability position and industry position

Forward integration would be an appropriate strategy for which of the following types of divisions in the Boston Consulting Group (BCG) Matrix?

Star

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

There is no limit

Which strategies are defensive tactics directed at reducing internal weaknesses and avoiding external threats?

WT

All of the following are principles of good organizational governance, as established by BusinessWeek, EXCEPT

at least three directors are current or former company executives.

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

competitive position and financial position.

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

governance.

Both the Internal-External (IE) and Boston Consulting Group (BCG) Matrices are called ________ matrices.

portfolio