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Test - Chapter 6 - Strategy Analysis and Choice - Quizlet

The document contains 20 multiple choice and true/false questions about strategy analysis and choice techniques discussed in Chapter 6, including the SPACE matrix, QSPM, BCG matrix, and other frameworks. Key terms assessed include industry position, stability position, aggressive/conservative/competitive/defensive quadrants, matching internal and external factors, and generating alternative strategies. The questions test understanding of the objectives, inputs, and outputs of various strategic management and portfolio analysis tools.

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Zoey Schully
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Download as PDF, TXT or read online on Scribd
382 views

Test - Chapter 6 - Strategy Analysis and Choice - Quizlet

The document contains 20 multiple choice and true/false questions about strategy analysis and choice techniques discussed in Chapter 6, including the SPACE matrix, QSPM, BCG matrix, and other frameworks. Key terms assessed include industry position, stability position, aggressive/conservative/competitive/defensive quadrants, matching internal and external factors, and generating alternative strategies. The questions test understanding of the objectives, inputs, and outputs of various strategic management and portfolio analysis tools.

Uploaded by

Zoey Schully
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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7/15/2020 Test: Chapter 6: Strategy Analysis and Choice | Quizlet

NAME

10 Multiple choice questions

1. external dimension in the SPACE Matrix


A.
industry position (IP)
B.
ST strategies
C.
business portfolio
D.
financial position (FP)

2. internal dimension in the SPACE Matrix


A.
stability position (SP)
B.
attractiveness scores (AS)
C.
competitive position (CP)
D.
conservative quadrant

3. determined by examining each key external or internal factor, one at a time, and asking the question "Does this factor affect
the choice of strategies being made?"
A.
aggressive quadrant
B.
competitive position (CP)
C.
attractiveness scores (AS)
D.
competitive quadrant

4. four-quadrant framework indicates whether aggressive, conservative, defensive, or competitive strategies are most
appropriate for a given organization
A.
Strategic Position and Action Evaluation (SPACE) Matrix
B.
attractiveness scores (AS)
C.
Strengths-Weaknesses-Opportunities-Threats (SWOT) Matrix
D.
strategy-formulation framework

5. external and internal critical success factors is the key to effectively generating feasible alternative strategies
A.
culture
B.
matching
C.
directional vector
D.
WT strategies

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7/15/2020 Test: Chapter 6: Strategy Analysis and Choice | Quizlet

6. technique objectively indicates which alternative strategies are best


A.
Quantitative Strategic Planning Matrix (QSPM)
B.
strategy-formulation framework
C.
competitive position (CP)
D.
total attractiveness scores (TAS)

7. competitive strategies, including backward, forward, and horizontal integration; market penetration; market development
and product development
A.
competitive quadrant
B.
conservative quadrant
C.
aggressive quadrant
D.
defensive quadrant

8. defensive tactics directed at reducing internal weakness and avoiding external threats
A.
ST strategies
B.
input stage
C.
WO strategies
D.
WT strategies

9. involves a single technique, the Quantitative Strategic Planning Matrix (QSPM)


A.
matching stage
B.
decision stage
C.
input stage
D.
SO strategies

10. represent the organization's best long-run opportunities for growth and profitability
A.
WT strategies
B.
culture
C.
input stage
D.
stars

10 True/False questions

1. reveals the type of strategies recommended for the organization: aggressive, competitive, defensive, or
conservative → directional vector

True

False

2. reveal which strategy is most attractive in each set of alternatives → sum total attractiveness scores (STAS)

True

False

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7/15/2020 Test: Chapter 6: Strategy Analysis and Choice | Quizlet

3. all nine techniques require the integration of intuition and analysis → WT strategies

True

False

4. the act of oversight and direction → halo error

True

False

5. the organization must decide whether to strengthen them by pursuing an intensive strategy (market penetration, market
development, or product development) or to sell them → question marks

True

False

6. an important matching tool that helps managers develop four types of strategies: SO (strengths-opportunities) strategies,
WO (weaknesses-opportunities) strategies, ST (strengths-threats) strategies, and WT (weaknesses-threats)
strategies → Strategic Position and Action Evaluation (SPACE) Matrix

True

False

7. the individuals most strongly identified with the idea or product and whose futures were linked to its success → cash cows

True

False

8. popular tool for formulating alternative strategies; based on two evaluative dimensions: competitive position and market
(industry) growth → competitive quadrant

True

False

9. focuses upon generating feasible alternative strategies by aligning key external and internal factors → decision stage

True

False

10. implies staying close to the firm's basic competencies and not taking excessive risks  → conservative quadrant

True

False

https://quizlet.com/115611883/test?answerTermSides=2&promptTermSides=6&questionCount=20&questionTypes=12&showImages=true 3/3

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