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) Competition C) Creativity
A) Vision, mission, EFE, CPM, and IFE information B) Marketing reports only C) Supplier contracts
A) Four B) Three C) Two
A) Input Stage B) Matching Stage C) Implementation Stage
A) QSPM B) EFE, IFE, CPM C) SPACE, Grand Strategy
A) Matching Stage B) Decision Stage C) Evaluation Stage
A) Matching Stage B) Decision Stage C) Implementation Stage
A) Evaluate political risks B) Match key internal and external factors to generate strategies C) Plot a company’s financial position
A) Six B) Four C) Nine
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) Use strengths to reduce the impact of external threats C) Increase internal weaknesses
A) Maximizing revenue B) Defensive tactics to reduce weaknesses and avoid threat C) Exploiting opportunities
A) To avoid documentation B) To allow estimation of costs and accountability C) To create flexible plans
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) Historical financial trends B) Internal weaknesses only C) Appropriate strategy types based on four dimensions
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) Relative market share position and industry growth rate B) External threats and internal weaknesses C) Strategy implementation costs
A) High market share and high growth B) Low market share and low growth C) High market share and low 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) BCG quadrants B) IFE and EFE total weighted scores C) SPACE dimensions
A) Liquidation B) Hold and maintain strategies C) Grow and build strategies
A) Hold and maintain strategies B) Aggressive strategies C) Harvest and divest strategies
A) Market penetration B) Harvest and divest strategies C) Product development
A) Financial ratios B) Political factors C) Competitive position and market growth
A) Diversification only B) Excellent position; focus on integration or development strategies C) Retrenchment
A) Backward integration B) Improving weak competitive position using intensive strategies C) Maintaining current strategies
A) Weak competitive position and slow market growth; drastic changes needed B) Strong competitive position C) Market penetration
A) Diversification or joint ventures in promising areas B) Maintaining current operations C) Weak competitive strategies
A) Evaluate marketing campaigns B) Assign employee bonuses C) Objectively determine the relative attractiveness of feasible strategies
A) The least costly strategy B) The most popular strategy C) The most feasible strategy
A) Competitor opinions only B) Company data, industry data, and expert opinion C) Wild guesses
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) Subjective factors like personal prejudice, emotions, and halo error B) Financial ratios C) Market trends
A) Focuses only on external factors B) Ignores costs C) Always requires subjective judgments
A) Competitor strategies B) Historical data only C) Proposed actions and estimated costs
A) Following trends blindly B) Reducing financial risks only C) Objective evaluation of alternatives based on input data
A) SPACE Matrix B) IE Matrix C) SWOT Matrix
A) Grand Strategy Matrix B) SPACE Matrix C) QSPM
A) Employee turnover B) Financial Position C) Stability Position
A) Writing a report B) Building a house C) Playing chess at a grandmaster level
A) To reduce planning time B) To improve creativity C) To estimate costs and assign responsibilities clearly |