A) To evaluate employees’ performance B) To generate, evaluate, and select feasible alternative strategie C) To prepare financial reports
A) Cost reduction B) Involvement of as many managers and employees as possible C) Technology adoption
A) Competition B) Creativity C) Cost minimization
A) Supplier contracts B) Vision, mission, EFE, CPM, and IFE information C) Marketing reports only
A) Four B) Two C) Three
A) Implementation Stage B) Matching Stage C) Input Stage
A) SPACE, Grand Strategy B) EFE, IFE, CPM C) QSPM
A) Decision Stage B) Evaluation Stage C) Matching Stage
A) Matching Stage B) Decision Stage C) Implementation Stage
A) Plot a company’s financial position B) Evaluate political risks C) Match key internal and external factors to generate strategies
A) Six B) Four C) Nine
A) Use strengths to exploit opportunities B) Overcome weaknesses by taking advantage of opportunities C) Maintain current strategy
A) Increase internal weaknesses B) Use weaknesses to create opportunities C) Use strengths to reduce the impact of external threats
A) Maximizing revenue B) Defensive tactics to reduce weaknesses and avoid threat C) Exploiting opportunities
A) To allow estimation of costs and accountability B) To create flexible plans C) To avoid documentation
A) Is only for financial planning B) Focuses only on external factors C) Provides a snapshot in time and doesn’t show how to gain competitive advantage
A) Historical financial trends B) Appropriate strategy types based on four dimensions C) Internal weaknesses only
A) Financial Position B) Market Share Position C) Industry Position
A) SO, WO, ST, WT B) Aggressive, Conservative, Defensive, Competitive C) Stars, Cash Cows, Dogs
A) Strategy implementation costs B) External threats and internal weaknesses C) Relative market share position and industry growth rate
A) High market share and high growth B) Low market share and low growth C) High market share and low growth
A) Cash Cows B) Stars C) Dogs
A) Generate more cash than needed B) Have low market share and low growth C) Require significant investments
A) Stars in the making B) Always profitable C) Low market share and low growth divisions
A) IFE and EFE total weighted scores B) SPACE dimensions C) BCG quadrants
A) Hold and maintain strategies B) Grow and build strategies C) Liquidation
A) Aggressive strategies B) Harvest and divest strategies C) Hold and maintain strategies
A) Harvest and divest strategies B) Market penetration C) Product development
A) Political factors B) Financial ratios C) Competitive position and market growth
A) Retrenchment B) Diversification only C) Excellent position; focus on integration or development strategies
A) Maintaining current strategies B) Backward integration C) Improving weak competitive position using intensive strategies
A) Strong competitive position B) Weak competitive position and slow market growth; drastic changes needed C) Market penetration
A) Maintaining current operations B) Diversification or joint ventures in promising areas C) Weak competitive strategies
A) Objectively determine the relative attractiveness of feasible strategies B) Assign employee bonuses C) Evaluate marketing campaigns
A) The most feasible strategy B) The most popular strategy C) The least costly strategy
A) Wild guesses B) Company data, industry data, and expert opinion C) Competitor opinions only
A) Shared values, beliefs, and practices that support strategy implementation B) External market trends C) Financial performance
A) Navigating power dynamics and negotiations to gain commitment B) Avoiding decision-making C) Reducing costs only
A) Market trends B) Financial ratios C) Subjective factors like personal prejudice, emotions, and halo error
A) Focuses only on external factors B) Ignores costs C) Always requires subjective judgments
A) Proposed actions and estimated costs B) Historical data only C) Competitor strategies
A) Following trends blindly B) Objective evaluation of alternatives based on input data C) Reducing financial risks only
A) SPACE Matrix B) SWOT Matrix C) IE Matrix
A) Grand Strategy Matrix B) SPACE Matrix C) QSPM
A) Employee turnover B) Stability Position C) Financial Position
A) Building a house B) Playing chess at a grandmaster level C) Writing a report
A) To reduce planning time B) To estimate costs and assign responsibilities clearly C) To improve creativity |