A) To control employee performance B) To generate, evaluate, and select strategies C) To collect raw data D) To implement strategies
A) Fully subjective B) Fully objective C) Random D) Subjective based on objective information
A) Only top management B) Only the strategy team C) As many managers and employees as possible D) Only external consultants
A) To avoid competition B) To reduce costs C) To simplify decisions D) To generate more alternative strategies
A) EFE Matrix B) CPM C) QSPM D) IFE Matrix
A) Three B) Two C) Five D) Four
A) Choosing the best strategy B) Implementing strategies C) Estimating costs D) Summarizing basic internal and external information
A) SWOT Matrix B) QSPM C) EFE Matrix D) IFE Matrix
A) Measure industry growth B) Match internal and external factors C) Analyze competitors’ profits D) Rank strategies objectively
A) WO B) WT C) ST D) SO
A) SO B) WO C) WT D) ST
A) To simplify matrices B) To estimate costs accurately C) To avoid competition D) To sound professional
A) Is too complex B) Requires financial data only C) Cannot generate strategies D) Does not show competitive advantage directly
A) Market share and growth B) Employee performance C) nternal and external positions D) Sales and profit
A) Financial Position B) Stability Position C) Market Growth D) Industry Position
A) Integration and intensive strategies B) Retrenchment C) Liquidation D) Defensive tactics
A) Multidivisional firms B) Small businesses C) Single-product firms D) Non-profit organizations
A) Strengths and weaknesses B) Profit and cost C) Market share and industry growth D) Internal and external factors
A) Dogs B) Stars C) Question Mark D) Cash Cow
A) IFE and EFE total weighted scores B) ROI and liquidity C) Sales and profit D) Market share and growth
A) Cells I, II, and III B) Cells IV, V, and VI C) Cell V only D) Cells VII, VIII, and IX
A) Culture and politics B) Profit and cost C) Strengths and weaknesses D) Competitive position and market growth
A) Retrenchment, divestiture, or liquidation B) Market penetration C) Product development D) Forward integration
A) SWOT B) BCG C) QSPM D) SPACE
A) Objectively compare alternative strategiesAnalyze competitors B) Analyze competitors C) Generate strategies D) Implement strategies
A) They affect culture B) They may result in financially infeasible strategies C) They slow planning D) They reduce creativity
A) Both are games B) Every move affects future decisions and outcomes C) Both rely on luck D) Both are easy to learn
A) Implementation focuses only on planning B) Implementation requires action, discipline, and commitment C) Managers ignore objectives D) Strategies are always wrong
A) Has fewer tools B) Requires moving from thinking to action C) Needs more data D) Requires moving from thinking to action
A) Establishing annual objectives B) Managing conflict C) Evaluating competitors D) Allocating resources
A) Short-term, measurable milestones B) External opportunities C) Long-term visions D) Company policies
A) They eliminate competition B) They serve as benchmarks for progress C) They replace strategies D) They reduce conflict
A) Qualitative only B) Confidential C) Quantitative and obtainable D) Vague and flexible
A) Specific guidelines that support objectives B) General ideas C) Informal practices D) Long-term goals
A) To reduce employee freedom B) To increase workload C) To ensure clarity and consistency D) To replace objectives
A) Distributing resources to achieve objectives B) Hiring employees only C) Dividing profits among owners D) Reducing company assets
A) Avoidable B) Always harmful C) A sign of failure D) Inevitable
A) Avoidance B) Confrontation C) Delegation D) Diffusion
A) Culture determines performance B) Marketing drives all strategies C) Structure determines strategy D) Strategy determines structure
A) Functional B) Divisional C) Strategic Business Unit D) Matrix
A) Poor specialization B) High cost C) Too much decentralization D) Functional silos and poor communication
A) Functional B) Matrix C) Strategic Business Unit D) Divisional
A) Functional B) SBU C) Matrix D) Divisional
A) Let many managers report to one person B) Use functional structure for large firms C) Keep span of control reasonable D) Allow co-managers
A) Reconfiguring work processes B) Outsourcing all activities C) Hiring more workers D) Increasing product prices
A) Ignore employee concerns B) Force compliance C) Involve employees in decisions D) Delay implementation
A) Financial reporting B) Logistics and costs C) Advertising D) Corporate culture only
A) Increase resistance B) Eliminate competition C) Reduce diversity D) Align employee behavior with goals
A) Increase conflict only B) Reduce creativity C) Enhance competitiveness D) Slow decision-making
A) Reduces production costs B) Divides customers into meaningful groups C) Eliminates marketing expenses D) Focuses only on pricing
A) Calculate profits B) Measure employee satisfaction C) Track production output D) Show how products are viewed compared to competitors
A) Both depend on marketing B) Both require design software C) A good plan needs proper execution and coordination D) Both are expensive |