A) To generate, evaluate, and select feasible alternative strategie B) To prepare financial reports C) To evaluate employees’ performance
A) Technology adoption B) Cost reduction C) Involvement of as many managers and employees as possible
A) Creativity B) Competition C) Cost minimization
A) Vision, mission, EFE, CPM, and IFE information B) Marketing reports only C) Supplier contracts
A) Two B) Four C) Three
A) Input Stage B) Matching Stage C) Implementation Stage
A) SPACE, Grand Strategy B) QSPM C) EFE, IFE, CPM
A) Evaluation Stage B) Matching Stage C) Decision Stage
A) Decision Stage B) Implementation Stage C) Matching Stage
A) Plot a company’s financial position B) Match key internal and external factors to generate strategies C) Evaluate political risks
A) Nine B) Four C) Six
A) Use strengths to exploit opportunities B) Overcome weaknesses by taking advantage of opportunities C) Maintain current strategy
A) Use weaknesses to create opportunities B) Use strengths to reduce the impact of external threats C) Increase internal weaknesses
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) Appropriate strategy types based on four dimensions B) Historical financial trends C) Internal weaknesses only
A) Market Share Position B) Financial Position C) Industry Position
A) SO, WO, ST, WT B) Stars, Cash Cows, Dogs C) Aggressive, Conservative, Defensive, Competitive
A) Strategy implementation costs B) Relative market share position and industry growth rate C) External threats and internal weaknesses
A) Low market share and low growth B) High market share and high growth C) High market share and low growth
A) Cash Cows B) Dogs C) Stars
A) Have low market share and low growth B) Generate more cash than needed C) Require significant investments
A) Always profitable B) Stars in the making C) Low market share and low growth divisions
A) BCG quadrants B) SPACE dimensions C) IFE and EFE total weighted scores
A) Liquidation B) Hold and maintain strategies C) Grow and build strategies
A) Hold and maintain strategies B) Harvest and divest strategies C) Aggressive strategies
A) Product development B) Market penetration C) Harvest and divest strategies
A) Political factors B) Financial ratios C) Competitive position and market growth
A) Retrenchment B) Excellent position; focus on integration or development strategies C) Diversification only
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) Weak competitive strategies B) Diversification or joint ventures in promising areas C) Maintaining current operations
A) Objectively determine the relative attractiveness of feasible strategies B) Assign employee bonuses C) Evaluate marketing campaigns
A) The least costly strategy B) The most feasible strategy C) The most popular strategy
A) Company data, industry data, and expert opinion B) Competitor opinions only 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) Reducing costs only C) Avoiding decision-making
A) Market trends B) Subjective factors like personal prejudice, emotions, and halo error C) Financial ratios
A) Ignores costs B) Focuses only on external factors C) Always requires subjective judgments
A) Historical data only B) Proposed actions and estimated costs C) Competitor strategies
A) Following trends blindly B) Reducing financial risks only C) Objective evaluation of alternatives based on input data
A) SPACE Matrix B) SWOT Matrix C) IE Matrix
A) Grand Strategy Matrix B) SPACE Matrix C) QSPM
A) Financial Position B) Employee turnover C) Stability 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 |