STRATEGIC MANAGEMENT (MGT-603) Show For Final Term Shared by Aniqa Malik 1. All of the following are cooperative arrangements except: a. R&D partnerships. b. Joint-bidding consortia. c. Cross-licensing agreements. d. Cross-manufacturing agreements. e. Marketing plans. 2. Strategy analysis and choice largely involves making __________ decisions based on __________ information. a. Long-term; Short-term b. Subjective; Objective c. Short-term; Long-term d. Subjective; Short-term e. Objective; Subjective 3. Which stage of the strategy formulation framework contains the Internal-Factor Evaluation Matrix? a. Input stage b. Analysis stage c. Matching stage d. Decision stage a. Output stage 4. Which strategies aim at improving internal weaknesses by taking advantage of external opportunities? a. SO b. WO c. SW d. ST e. WT 5. How many cells are in a SWOT Matrix? a. Two a. Four b. Six c. Eight d. Nine 6. What are two external dimensions of the SPACE Matrix? a. Environmental stability and industry strength b. Environmental stability and competitive advantage c. Industry strength and competitive advantage d. Competitive advantage and financial strength e. Financial strength and industry strength 7. In the SPACE analysis, what does a (+6, +3) strategy profile portray? a. A strong industry b. An unstable environment c. A stable environment d. A weak industry e. A weak financial position 8. Selling all of a company’s assets in parts for their tangible worth is called a. Joint venture. b. Divestiture. c. Concentric diversification. d. Liquidation. e. Unrelated integration. 9. Which stage of the strategy-formulation framework involves the Quantitative Strategic Planning Matrix? a. Stage 1 b. Stage 2 c. Stage 3 d. Stage 4 e. Stage 5 10. Which strategy should be implemented when a division is responsible for an organization’s overall poor performance? a. Backward integration b. Divestiture c. Forward integration d. Cost leadership e. Related diversification 11.What analytical tool has four quadrants based on two dimensions: competitive position and market growth? f. Competitive Profile Matrix g. Internal-External Matrix h. SPACE Matrix i. Grand Strategy Matrix f. QSPM. 12.For companies located in Quadrant III of the Grand Strategy Matrix, the first strategy recommended is j. Extensive cost and asset reduction. k. Asset expansion. l. Employee expansion. m. Immediate liquidation of assets. n. Divestiture. 13. Which of these is a limitation of QSPM? a. Only a few strategies can be evaluated simultaneously. b. The cost of doing the analysis c. Intuitive judgments and educated guesses are required. d. Sets of strategies must be examined in reverse order. e. It requires equal participation from everyone. 14. Which of the following is not true about objectives? f. They should be communicated throughout the organization. g. They should have an appropriate time dimension. h. They should incorporate policies. i. They should be measurable. j. They should be consistent. 15. _______ is not a major factor that commonly prohibits effective resource allocation. a. Under protection of resources b. Organizational politics c. Vague strategy targets d. Reluctance to take risks e. Lack of sufficient knowledge 16. Restructuring is also referred to as a. Starting over. b. Delayering. c. Diversifying. d. Job security. e. Integrating. 17. The primary benefit sought from restructuring is a. Employee involvement. b. Cost reduction. c. Increased morale. d. Increased number of hierarchical levels in the organization. e. Increased innovation. 18. What pay strategy requires employees or departments to establish performance targets, such as “if actual results exceed objectives then all members get bonuses.” a. Profit sharing b. Bonus system c. Salary d. Gain sharing e. Hourly wage system 19. Although Quadrant _____ companies are growing, according to the Grand Strategy Matrix,they are unable to compete effectively, and they need to determine why the firm’s current approach is ineffective and how the company can best change to improve its competitiveness. a. I b. II c. III d. IV e. V 20. The top row of a QSPM consists of alternative strategies derived from all of these except: a. Grand Strategy Matrix. b. BCG Matrix. c. Space Matrix. d. CPM Matrix. e. IE Matrix 21). Competitive profile matrix include in ___________ of Strategy-Formulation Framework.
22). The matching stage of the strategy-formulation framework consists of _________techniques.
23). Decision stage of Strategy-Formulation Framework includes a matrix___________.
24). A strong financial position utilizes to improve the working condition of the firm; such strategy is called _______________.
25). WO Strategies aim at improving internal __________ by taking advantage of external _________________
26). “SPACE” matrix stands for: a. Strategic Position and Action Evaluation b. Strategic Partner and Action Evaluation c. Strategic Phase and Action Evaluation d. Strategic Position and Academic Evaluation 27). In Space Matrix internal strategic position divided into:
28). “Capital intensity” with the reference of SPACE matrix is:
29). Space Matrix contains four quadrants framework, the upper left quadrant contain ____________ strategy.
30) By using the given table what will be the correct average score of industrial strength in “SPACE” matrix?
31. Hold and maintain region in IE matrix include ______________cells
32. Grand strategy matrix all organization divides into ________ quadrants
33. Qurdant-2 in Grand strategy matrix contains that company’s having :
34. Assign weights to each key external and internal factor in QSPM which always equal to _____________.
35. Most companies have strategies, but according to recent studies, between 70% and 90% of organizations that have formulated strategies fail to execute them.
36. The Internal-External (IE) Matrix consists of nine cells. 37. On the x-axis of the IE Matrix, an IFE total weighted score of 1.0 to 1.99 represents a weak internal position; a score of 2.0 to 2.99 is considered average; and a score of 3.0 to 4.0 is strong. 38. Grand Strategy based on two major dimensions Market growth and Competitive position 39. QSPM technique objectively indicates which alternative strategies are best. 40. Implementation is preliminary an Operational process. 41. A firm desire to increase profit at least 15% every year for the foreseeable future is ________________ objective.
42. Disagreement between two or more parties on one or more issues is a ______________.
43. Medium-size firms tend to be divisionally structured
44. The _______________ has its own business strategy, objectives and competitors and these are often differ from parent company. a. Strategic Business Unit structure b. Matrix structure c. Divisional structure d. None of given option 45. __________________ create a sense of “Self organization “through a. Gain sharing b. Profit sharing c. Employee stock ownership plan d. Non of given option 46. Just in time is a process which is calculated by deducting Inventory from production. 47. Market segmentation is the process in marketing of grouping a market into smaller subgroups. 48. Education is a Demographic segmentation. 49. EPS/EBIT analysis helps in making capital financing decisions needed to implement strategies. 50. How to obtain and spend funds exhibits in a document known as financial budget. 51. Which strategies aim at improving internal weaknesses by taking advantage of external opportunities? k. SO l. WO m. SW n. ST o. WT 52.How many cells are in a SWOT Matrix? a. Two b. Four c. Six d. Eight e. Nine 53.What are two external dimensions of the SPACE Matrix? f. Environmental stability and industry strength g. Environmental stability and competitive advantage h. Industry strength and competitive advantage i. Competitive advantage and financial strength j. Financial strength and industry strength 54.In the SPACE analysis, what does a (+6, +3) strategy profile portray? f. A strong industry g. An unstable environment h. A stable environment i. A weak industry j. A weak financial position 55.Selling all of a company’s assets in parts for their tangible worth is called a. Joint venture. b. Divestiture. c. Concentric diversification. d. Liquidation. e. Unrelated integration 56.Which stage of the strategy-formulation framework involves the Quantitative Strategic Planning Matrix? f. Stage 1 g. Stage 2 h. Stage 3 i. Stage 4 j. Stage 5 57.Which strategy should be implemented when a division is responsible for an organization’s overall poor performance? a. Backward integration b. Divestiture c. Forward integration b. Cost leadership c. Related diversification 58.What analytical tool has four quadrants based on two dimensions: competitive position and market growth? a. Competitive Profile Matrix b. Internal-External Matrix c. SPACE Matrix d. Grand Strategy Matrix e. QSPM. 59.Which of the following is not true about objectives? a. They should be communicated throughout the organization. b. They should have an appropriate time dimension. c. They should incorporate policies. d. They should be measurable. e. They should be consistent. 60._______ is not a major factor that commonly prohibits effective resource allocation. a. Under protection of resources b. Organizational politics c. Vague strategy targets d. Reluctance to take risks e. Lack of sufficient knowledge 61.Strategy-formulation concepts and tools do not differ greatly a. For small, large, for profit, or nonprofit organizations b. Among different types and sizes of organizations c. Both of the options mentioned options d. None of the mentioned options 62.Which of the following statement is true about strategy implementation? e. The role of managers and employees in strategy implementation should not build upon prior involvement in strategy-formulation activities f. Managers and employees in an organization should participate early and directly in strategy-implementation decisions g. Strategists' genuine personal commitment to implementation is not a necessary thing for employees. h. All of the mentioned options are true about strategy implementation 63.Establishing annual objectives is a i. Centralized activity j. Controlled activity k. Decentralized activity l. None of the mentioned options 64.Restructuring is also referred to as f. Starting over. g. De-layering. h. Diversifying. i. Job security 65.The primary benefit sought from restructuring is f. Employee involvement. g. Cost reduction. h. Increased morale. i. Increased number of hierarchical levels in the organization. 66._______ is not a major factor that commonly prohibits effective resource allocation. f. Under protection of resources g. Organizational politics h. Vague strategy targets i. Reluctance to take risks 67.Which of the following is not true about objectives? p. They should be communicated throughout the organization q. They should have an appropriate time dimension r. They should incorporate policies s. They should be measurable 68._____________ Department mainly concern with the achievement of organization goals and targets a. Production/operations b. Human resource c. Accounts d. Sales 69.A well-designed strategic-management system can fail a. If insufficient attention is given to the human resource dimension b. When actively involve as many managers and employees as possible in the process c. Both of the mentioned options d. None of the mentioned options 70.AIO (Activities, interest, opinions) are the basis of a. Behavioralistic Segmentation b. Psychographic Segmentation c. Demographic Segmentation d. Geographic Segmentation 71. Which one of the following statements best describes the relationship of strategy formulation and strategy implementation stages? a. Strategy implementation is positioning forces before the action; Strategy formulation is managing forces during the action. b. Strategy formulation requires good intuitive and analytical skills; Strategy implementation requires special motivation and leadership skills. c. Strategy formulation focuses on efficiency; Strategy implementation focuses on effectiveness. d. Strategy implementation is primarily an intellectual process; Strategy formulation is primarily an operational process. 72. In the SMART goal criteria, ‘Relevant’ suggests which one of the following? a. Are you able to assess your progress? b. Do you know exactly what you want to accomplish? c. Is your goal pertinent towards your purpose? d. What is the deadline for completing your goal? 73. Which of the following is preferable to be incorporated into written objective statements? a. Maximize profits b. Minimize losses c. Increase production by 10% d. Maintain adequate capacity 74. Why do changes in company strategy often require changes in the way an organization is structured? a. Structure depicts how goals will be established b. Structure depicts how authorities will be delegated c. Structure depicts how resources will be obtained d. Structure depicts how financial resources are spent 75. Which one of the followings is NOT a major factor that commonly forbids effective resource allocation? a. Organizational politics b. Vague strategy targets c. Long run financial criteria d. Lack of sufficient knowledge 76. Which of the following represents the most simple and economical organizational structure? a. Strategic business unit b. Functional structure c. Divisional structure d. Matrix structure 77. Which one of the following hypothesis is NOT true about managing conflicts by keeping in view “concern for one's own outcomes and concern for the outcomes of the other party”? a. High concern for both one's own and the other party's outcomes leads to attempts to find mutually beneficial solutions. b. High concern for one's own outcomes does not lead to attempts to "win" the conflict. c. High concern for the other party's outcomes only leads to allowing the other to "win" the conflict. d. No concern for either side's outcomes leads to attempts to avoid the conflict. 78. ABC Corporation has streamlined its operations by cutting costs, such as payroll or reducing its size through the sale of assets. You have to identify the activity ABC Corporation is involved in. a. E-Engineering b. Re-engineering c. Restructuring d. Benchmarking 79. Force change strategy engages which one of the following? a. Attempts to convince individuals to adopt change themselves b. Involves giving orders and enforcing those orders c. Describes information to convince people of the need for change d. Illustrates that change must be viewed as an opportunity rather than a threat 80. What percentage of total assets the production processes of a firm typically covers? a. More than 70 % b. More than 65 % c. More than 60 % d. More than 55 % 81. Problems related to the cross training of employees for getting better understanding of the whole business include all of the following EXCEPT: a. Skilled workers may dislike unskilled workers b. Older employees may not want to learn new skills c. Firm may require ample investments in training d. Employees may provide worse ideas in planning session 82. All of the following are examples of marketing decisions that require policies EXCEPT: a. Either to become a market leader or follower b. Whether to advertise online or not c. Either to offer a complete or limited warranty d. Whether to use billboards for outdoor advertising or not 83. Market segmentation is especially used in implementing strategies by which of the following firms? a. Small firms b. Large firms c. Medium-size firms d. All the firms 84. Which of the following is considered to be a key of matching Supply and demand? a. Segmentation b. Positioning c. Targeting d. Placing 85. Which element is NOT an example of place decisions? a. Quality and Safety b. Market coverage c. Warehousing d. Reverse logistics Which of the following is the first step in developing a QSPM?The first step in developing a quantitative strategic planning matrix is to make a list of the firm's key external opportunities and threats and internal strengths and weaknesses.
What is QSPM matrix in strategic management?The Quantitative Strategic Planning Matrix is a strategic tool which is used to evaluate alternative set of strategies. The QSPM incorporate earlier stage details in an organize way to calculate the score of multiple strategies in order to find the best match strategy for the organization.
Which stage of the strategyStage 3 involves a single technique, the Quantitative Strategic Planning Matrix (QSPM). A QSPM uses input information from Stage 1 to objectively evaluate feasible alternative strategies identified in Stage 2.
Which of the following is the first step in developing a QSPM quizlet?Step 1 of a QSPM assigns weights to each key external and internal factor. Total attractiveness scores are defined as the sum of the attractiveness scores in a given column of the QSPM and are computed in the second step of the QSPM.
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The top row of a QSPM consists of alternative strategies derived from all of these except
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