A) To implement strategies B) To collect raw data C) To generate, evaluate, and select strategies D) To control employee performance
A) Fully subjective B) Random C) Fully objective D) Subjective based on objective information
A) Only external consultants B) As many managers and employees as possible C) Only top management D) Only the strategy team
A) To reduce costs B) To generate more alternative strategies C) To simplify decisions D) To avoid competition
A) QSPM B) EFE Matrix C) IFE Matrix D) CPM
A) Five B) Four C) Three D) Two
A) Implementing strategies B) Estimating costs C) Choosing the best strategy D) Summarizing basic internal and external information
A) IFE Matrix B) QSPM C) EFE Matrix D) SWOT Matrix
A) Match internal and external factors B) Rank strategies objectively C) Measure industry growth D) Analyze competitors’ profits
A) WT B) SO C) WO D) ST
A) ST B) WO C) WT D) SO
A) To estimate costs accurately B) To simplify matrices C) To sound professional D) To avoid competition
A) Is too complex B) Does not show competitive advantage directly C) Cannot generate strategies D) Requires financial data only
A) Sales and profit B) nternal and external positions C) Employee performance D) Market share and growth
A) Industry Position B) Financial Position C) Market Growth D) Stability Position
A) Liquidation B) Defensive tactics C) Integration and intensive strategies D) Retrenchment
A) Single-product firms B) Non-profit organizations C) Small businesses D) Multidivisional firms
A) Profit and cost B) Internal and external factors C) Strengths and weaknesses D) Market share and industry growth
A) Cash Cow B) Question Mark C) Dogs D) Stars
A) Market share and growth B) IFE and EFE total weighted scores C) Sales and profit D) ROI and liquidity
A) Cells VII, VIII, and IX B) Cells I, II, and III C) Cell V only D) Cells IV, V, and VI
A) Competitive position and market growth B) Culture and politics C) Profit and cost D) Strengths and weaknesses
A) Retrenchment, divestiture, or liquidation B) Forward integration C) Market penetration D) Product development
A) SPACE B) BCG C) QSPM D) SWOT
A) Analyze competitors B) Generate strategies C) Objectively compare alternative strategiesAnalyze competitors D) Implement strategies
A) They reduce creativity B) They slow planning C) They may result in financially infeasible strategies D) They affect culture
A) Both are games B) Both are easy to learn C) Every move affects future decisions and outcomes D) Both rely on luck
A) Implementation focuses only on planning B) Strategies are always wrong C) Managers ignore objectives D) Implementation requires action, discipline, and commitment
A) Requires moving from thinking to action B) Has fewer tools C) Requires moving from thinking to action D) Needs more data
A) Establishing annual objectives B) Allocating resources C) Managing conflict D) Evaluating competitors
A) External opportunities B) Long-term visions C) Short-term, measurable milestones D) Company policies
A) They replace strategies B) They reduce conflict C) They serve as benchmarks for progress D) They eliminate competition
A) Vague and flexible B) Quantitative and obtainable C) Confidential D) Qualitative only
A) Specific guidelines that support objectives B) Long-term goals C) Informal practices D) General ideas
A) To replace objectives B) To increase workload C) To ensure clarity and consistency D) To reduce employee freedom
A) Hiring employees only B) Reducing company assets C) Distributing resources to achieve objectives D) Dividing profits among owners
A) Avoidable B) Always harmful C) A sign of failure D) Inevitable
A) Avoidance B) Delegation C) Diffusion D) Confrontation
A) Structure determines strategy B) Strategy determines structure C) Marketing drives all strategies D) Culture determines performance
A) Functional B) Matrix C) Divisional D) Strategic Business Unit
A) Poor specialization B) Functional silos and poor communication C) High cost D) Too much decentralization
A) Functional B) Strategic Business Unit C) Divisional D) Matrix
A) Matrix B) Functional C) SBU D) Divisional
A) Use functional structure for large firms B) Allow co-managers C) Let many managers report to one person D) Keep span of control reasonable
A) Outsourcing all activities B) Increasing product prices C) Hiring more workers D) Reconfiguring work processes
A) Ignore employee concerns B) Delay implementation C) Involve employees in decisions D) Force compliance
A) Financial reporting B) Corporate culture only C) Logistics and costs D) Advertising
A) Increase resistance B) Align employee behavior with goals C) Reduce diversity D) Eliminate competition
A) Reduce creativity B) Enhance competitiveness C) Slow decision-making D) Increase conflict only
A) Divides customers into meaningful groups B) Reduces production costs C) Focuses only on pricing D) Eliminates marketing expenses
A) Measure employee satisfaction B) Track production output C) Calculate profits D) Show how products are viewed compared to competitors
A) Both depend on marketing B) A good plan needs proper execution and coordination C) Both are expensive D) Both require design software |