strategic mngmt quiz b2

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

Grand Strategy Matrix

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

I

Which of these is a limitation of QSPM?

It requires intuitive informed judgments.

Which of the following is NOT one of the steps involved in constructing a SWOT Matrix?

List the firm's external weaknesses.

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

Matching

How many cells are in a SWOT Matrix?

9

The midpoint on the x-axis of a Boston Consulting Group (BCG) Matrix is typically set at 0.05.

False

In the BCG Matrix, a division with a high relative market share position in a low-growth industry can be described as a

Cash Cow

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

The top row of a Quantitative Strategic Planning Matrix (QSPM) consists of alternative strategies derived from all of the following EXCEPT

Competitive Profile Matrix (CPM).

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

Conservative

Industry growth rate is given on the x-axis of the Boston Consulting Group (BCG) Matrix.

False

Which analytical tool determines the relative attractiveness of various strategies based on the extent to which key external and internal critical success factors are capitalized upon or improved?

Quantitative Strategic Planning Matrix (QSPM)

Which board of director's duty falls under the category of control and oversight over management?

Select the CEO

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

Star

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

competitive position and financial position.

For companies located in Quadrant III of the Grand Strategy Matrix, the first strategy recommended is

extensive cost and asset reduction.

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

portfolio

The match an organization makes between its internal resources and skills and the opportunities and risks created by its external factors can be defined as

strategy.

Strategy analysis and choice largely involves making ________ decisions based on ________ information.

subjective; objective