Strategy Analysis & Implementation

Strategy analysis and choice largely involves making subjective decisions based on objective information.

• True

• False

Which stage in the strategy-formulation framework focuses on generating feasible alternative strategies?

• Input

• Matching

• Output

• Decision

Which matrix is included in the decision stage of the strategy formulation framework?

• Internal Factor Evaluation (IFE) Matrix

• Boston Consulting Group (BCG) Matrix

• Grand Strategy Matrix

• Quantitative Strategic Planning Matrix (QSPM)

A SWOT Matrix is composed of four cells for the four types of strategies it creates.

• True

• False

In the Boston Consulting Group (BCG) Matrix, how would a division with a low relative market share position in a high growth industry be described?

• Question Mark

• Cash cow

• Star

• Stuck-in-the-middle

Effective strategy formulation can usually guarantee successful strategy implementation

• True

• False

Which word or phrase would be most suitable to use in written objective statements?

• Minimum

• Maximum

• Average

• 10 percent increase

What type of organizational structure promotes specialization of labor and allows rapid decision making?

• Divisional structure by product

• Functional structure

• Divisional structure by customer

• Matrix structure

What action involves reconfiguring or redesigning work, jobs, and processes for the purpose of improving cost, quality, service, and speed?

• Restructuring

• Downsizing

• Reengineering

• Recruiting

Changing a strategy to fit an existing culture

• is usually less effective than changing a firm's culture to fit a new strategy

• is usually more effective than changing a firm's culture to fit a new strategy

• is just as effective as changing a firm's culture to fit a new strategy

• is always the best option