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D) Experience.
B) Dynamic capabilities.
C) Operational excellence.
strategy
formulation,
strategy
implementation,
and strategy
execution.
strategy
formulation,
strategy execution,
and strategy
assessment.
=strategy
formulation,
strategy
implementation,
and strategy
evaluation.
stratify
assessment,
strategy execution,
and strategy
evaluation.
External audit
Owner,
entrepreneur,
executive director,
and accountant
Chief
executive officer,
salesman, dean,
and lawyer
=Owner, dean,
president, and
executive director
Relative deficiency
3. or superiority is
important
information in
performing which
activity?
External audit
Allocating
resources
=Internal audit
Evaluating
strategies
Who is most
5. responsible for
developing,
communicating,
and enforcing the
code of business
ethics for a firm?
=Strategists
Line managers
Staff managers
All managers
Strategy-
6. implementation
activities include
conducting
research.
measuring
performance.
preparing a
TOWS matrix.
= establishing
annual objectives.
In a large
7. organization,
strategic
management
activities occur at
what level(s)?
Corporate and
divisional only
Divisional
Strategic
business unit only
Functional,
=divisional, and
corporate
Conducting
8. research,
integrating intuition
with analysis, and
making decisions
are all
__________
activities.
=strategy-
formulation
strategy-
implementation
long-range
planning
short-range
planning
Which of these
9. questions is
addressed by a
mission
statement?
What do we
want to become?
= What is our
business?
How many
employees must
we have?
Who do we
want to serve?
Internal strengths
10. and weaknesses
are usually
the major
cause of
organizational
demise or
success.
=controllable
activities within an
organization.
most important
for CEOs and the
board of directors.
not as
important as
external
opportunities and
threats.
An organization's
11. strengths and
weaknesses are
determined
relative to
its strategic
business units.
government
=competitors
external
opportunities and
threats.
__________ are
12. the means by
which long-term
objectives will be
achieved
Mission
statements
=Strategies
Vision
statements
Long-term
goals
Strategic
13. management
allows an
organization to be
more
complacent
= proactive
authoritarian
reactive
__________ may
14. be the most
important benefit
of strategic
management.
Profit
Commitment
=Understanding
Order
__________ is
15. one of the reasons
for poor or no
strategic planning
in organizations.
Prior good
experience
Fear of
success
Low expense
= Self-interes
CORRECT.
CORRECT.
CORRECT
CORRECT
CORRECT.
CORRECT
CORRECT
Which stage in the strategy-formulation
1.
framework includes IE and BCG Matrices?
Input stage
Output stage
=Matching stage
Decision stage
=SW strategies
WO strategies
WT strategies
ST strategies
SW
ST
WO
=WT
Competitive
=Cooperative
Defensive
Aggressive
Conglomerate diversification
Market penetration
Concentric diversification
Product development
Cash Cow
Dogs
=Grow and build
Question Marks
Product development
Divestiture
Market penetration
=Conglomerate diversification
Stars
Dogs
=Cash Cows
Question Marks
Integration
=Intensive
Defensive
Diversification
=No limit
Three
Two
Four
TOWS Matrix.
BCG Matrix.
IE Matrix.
=CPM Matrix.
=smaller
internal
no
expanded
Submit for Grade
CORRECT.
4. Correct Which of these terms does not describe a SPACE Matrix quadrant?
Your answer: Cooperative
CORRECT.
5. Incorrect The two dimensions with negative ratings in SPACE Matrix are
Your answer: FS and CA.
The correct answer: CA and ES.
7. Incorrect Which of these terms does not describe a BCG Matrix quadrant?
Your answer: Question Marks
The correct answer: Grow and build
9. Incorrect BCG Matrix divisions that have a high relative market share position
but compete in a low-growth industry are called what?
Your answer: Dogs
The correct answer: Cash Cows
10. Correct Which of these strategies is the first option that should be considered
for firms in Quadrant II of the Grand Strategy Matrix?
Your answer: Intensive
CORRECT.
12. Incorrect The top row of a QSPM consists of alternative strategies derived
from all of these except
Your answer: BCG Matrix.
The correct answer: CPM Matrix.
13. Incorrect Which of these refers to the fact that it is often possible to achieve
similar results using different means or paths?
Your answer: Focus on higher-order issues
The correct answer: Equifinality
15. Correct With Boards of Directors, the trend in America is toward __________
boards.
Your answer: smaller
CORRECT.
1 to 12 months
1 to 5 years
None of these
= Any of these
Prospector
5.1 Limited product range in
narrowly defined market.
b Defender
Analyser
5.3 Seeks efficiency and
copies best of competitors.
e
5.5 Operates
entrepreneurially, without
explicit strategy. d
Corporate strategies
Strategy alternatives
= Grand strategies
Strategic directions
Diversification
7.1 1
c
Market development
7.2 2
b
Product development
7.3 3
a Decentralisation
7.4 None of
these d
Differentiation focus
Cost focus
= Cost leadership
Differentiation
m Market share
Industry growth rate
Business strength
Product range
Business strength
Business size
2.
3.3 How does this unit contribute? B. Corporate strategy C. Functional strate
5. Name the types of response to environmental uncertainty set out by Miles and Snow.
7.
8. The marketing strategy emphasises price as the key to good value; operations runs wit
control; development focuses on cost reduction.
It's not a focused strategy as this would include choice of a market niche.
9.
In the sketch of the BCG matrix, what is the label of the horizontal axis?
10
.
In the sketch of the BCG matrix, what is the label of the vertical axis?
Name the strategies, identified by Mintzberg, whose sequence is shown in the figure.