Which grand strategy is recommended for a firm with rapid market growth and a strong competitive position Mcq?Quadrant I (Strong Competitive Position and Rapid Market Growth) – Firms located in Quadrant I of the Grand Strategy Matrix are in an excellent strategic position.
Which is a strong market position strong market growth strategy?Strong Market Position + Strong Market Growth Strategies:
Market Penetration. Backward Integration. Forward Integration. Concentric Diversification.
When a company has a weak strategic position and rapid market growth what strategy is most suitable?Quadrant 2 – Weak competitive position & Fast market growth
They are not able to compete effectively. Apart from the market development, market penetration, and product development mentioned in the previous quadrant, horizontal integration is also highly suitable as a useful strategy in the second quadrant.
Which matrix is based on the two evaluative dimensions of competitive position and market industry growth?Grand Strategy Matrix is based on two evaluative dimensions: competitive position and market growth. Appropriate strategies for an organisation to consider are listed in sequential order of attractiveness in each quadrant of the matrix (David, 2007).
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