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