A) To prepare financial reports B) To generate, evaluate, and select feasible alternative strategie C) To evaluate employees’ performance
A) Involvement of as many managers and employees as possible B) Cost reduction C) Technology adoption
A) Competition B) Creativity C) Cost minimization
A) Vision, mission, EFE, CPM, and IFE information B) Marketing reports only C) Supplier contracts
A) Three B) Two C) Four
A) Matching Stage B) Input Stage C) Implementation Stage
A) SPACE, Grand Strategy B) EFE, IFE, CPM C) QSPM
A) Evaluation Stage B) Decision Stage C) Matching Stage
A) Decision Stage B) Implementation Stage C) Matching 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) 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) Maximizing revenue B) Defensive tactics to reduce weaknesses and avoid threat C) Exploiting opportunities
A) To create flexible plans B) To avoid documentation C) To allow estimation of costs and accountability
A) Is only for financial planning B) Provides a snapshot in time and doesn’t show how to gain competitive advantage C) Focuses only on external factors
A) Historical financial trends B) Internal weaknesses only C) Appropriate strategy types based on four dimensions
A) Market Share Position B) Industry Position C) Financial Position
A) Stars, Cash Cows, Dogs B) SO, WO, ST, WT C) Aggressive, Conservative, Defensive, Competitive
A) External threats and internal weaknesses B) Relative market share position and industry growth rate C) Strategy implementation costs
A) Low market share and low growth B) High market share and high growth C) High market share and low 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) Always profitable B) Low market share and low growth divisions C) Stars in the making
A) BCG quadrants B) SPACE dimensions C) IFE and EFE total weighted scores
A) Grow and build strategies B) Liquidation C) Hold and maintain strategies
A) Hold and maintain strategies B) Aggressive strategies C) Harvest and divest strategies
A) Product development B) Market penetration C) Harvest and divest strategies
A) Financial ratios B) Competitive position and market growth C) Political factors
A) Retrenchment B) Excellent position; focus on integration or development strategies C) Diversification only
A) Improving weak competitive position using intensive strategies B) Maintaining current strategies C) Backward integration
A) Weak competitive position and slow market growth; drastic changes needed B) Market penetration C) Strong competitive position
A) Maintaining current operations B) Weak competitive strategies C) Diversification or joint ventures in promising areas
A) Assign employee bonuses B) Evaluate marketing campaigns 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) Financial performance B) External market trends C) Shared values, beliefs, and practices that support strategy implementation
A) Navigating power dynamics and negotiations to gain commitment B) Avoiding decision-making C) Reducing costs only
A) Market trends B) Subjective factors like personal prejudice, emotions, and halo error C) Financial ratios
A) Focuses only on external factors B) Ignores costs C) Always requires subjective judgments
A) Competitor strategies B) Proposed actions and estimated costs C) Historical data only
A) Reducing financial risks only B) Objective evaluation of alternatives based on input data C) Following trends blindly
A) IE Matrix B) SPACE Matrix C) SWOT Matrix
A) Grand Strategy Matrix B) QSPM C) SPACE Matrix
A) Employee turnover B) Financial Position 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 improve creativity C) To estimate costs and assign responsibilities clearly |