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