Strategic Management (CAP) – Questions
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Terms in this set (103)
An organization's present True
strategies, objectives and
mission, coupled with the
external and internal audit
information, provide a basis
for generating and
evaluating feasible
alternative strategies.
Alternative strategies don't True
come out of the blue; they
are derived from the firm's
vision, mission, and
objectives.
It is vital that strategists False
always consider all feasible
alternatives that could
benefit the firm.
The first stage of the False
strategy-formulation
framework is the input
stage, and it is directly
followed by the decision
stage.
Stage 2 in the strategy- False
formulation framework
involves the Quantitative
Strategic Planning Matrix.
,The Strengths-Weaknesses- True
Opportunities-Threats
(SWOT) Matrix, the
Strategic Position and
Action Evaluation (SPACE)
Matrix, the Boston
Consulting Group (BCG)
Matrix, the Internal-
External (IE) Matrix, and the
Grand Strategy Matrix are
included in stage two of
the strategy-formulation
framework.
Good intuitive judgment is True
always needed to
determine appropriate
weights and ratings in the
input stage matrices.
When completing the False
matching stage of the
strategy-formulation
framework, the SWOT
Matrix needs to be
completed before the
SPACE Matrix.
The purpose of matching True
key factors is to generate
feasible alternative
strategies.
Strengths-opportunities True
strategies are based on
using a firm's internal
strengths to take advantage
of external opportunities.
A SWOT Matrix is False
composed of four cells for
the four types of strategies
it creates.
, One of the steps of the True
SWOT Matrix is to list the
firm's key external
opportunities.
The SWOT matrix, if used False
appropriately, does not
have any limitations.
The most important True
determinants of an
organization's overall
strategic position are
considered to be the two
internal dimensions,
financial position (FP) and
competitive position (CP),
and the two external
dimensions, industry
position (IP) and stability
position (SP).
The four strategies of the False
SPACE Matrix are
aggressive, conservative,
offensive and defensive.
Market penetration can be True
classified as either a
conservative, aggressive, or
competitive strategy.
The SP and CP dimension True
variables in a SPACE Matrix
are assigned a numerical
value ranging from -1 (best)
to -7 (worst).
Conservative strategies in a True
SPACE Matrix most often
include product
development, market
development, market
penetration, and related
diversification.
Answered With Expert Insight
Save
Terms in this set (103)
An organization's present True
strategies, objectives and
mission, coupled with the
external and internal audit
information, provide a basis
for generating and
evaluating feasible
alternative strategies.
Alternative strategies don't True
come out of the blue; they
are derived from the firm's
vision, mission, and
objectives.
It is vital that strategists False
always consider all feasible
alternatives that could
benefit the firm.
The first stage of the False
strategy-formulation
framework is the input
stage, and it is directly
followed by the decision
stage.
Stage 2 in the strategy- False
formulation framework
involves the Quantitative
Strategic Planning Matrix.
,The Strengths-Weaknesses- True
Opportunities-Threats
(SWOT) Matrix, the
Strategic Position and
Action Evaluation (SPACE)
Matrix, the Boston
Consulting Group (BCG)
Matrix, the Internal-
External (IE) Matrix, and the
Grand Strategy Matrix are
included in stage two of
the strategy-formulation
framework.
Good intuitive judgment is True
always needed to
determine appropriate
weights and ratings in the
input stage matrices.
When completing the False
matching stage of the
strategy-formulation
framework, the SWOT
Matrix needs to be
completed before the
SPACE Matrix.
The purpose of matching True
key factors is to generate
feasible alternative
strategies.
Strengths-opportunities True
strategies are based on
using a firm's internal
strengths to take advantage
of external opportunities.
A SWOT Matrix is False
composed of four cells for
the four types of strategies
it creates.
, One of the steps of the True
SWOT Matrix is to list the
firm's key external
opportunities.
The SWOT matrix, if used False
appropriately, does not
have any limitations.
The most important True
determinants of an
organization's overall
strategic position are
considered to be the two
internal dimensions,
financial position (FP) and
competitive position (CP),
and the two external
dimensions, industry
position (IP) and stability
position (SP).
The four strategies of the False
SPACE Matrix are
aggressive, conservative,
offensive and defensive.
Market penetration can be True
classified as either a
conservative, aggressive, or
competitive strategy.
The SP and CP dimension True
variables in a SPACE Matrix
are assigned a numerical
value ranging from -1 (best)
to -7 (worst).
Conservative strategies in a True
SPACE Matrix most often
include product
development, market
development, market
penetration, and related
diversification.
