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