GEB MCQ GEB Chapter 6 Which matrix is included in the decision stage of the strategy formulation framework? Show
A) Internal Factor Evaluation Matrix Answer: B) Quantitative Strategic Planning Matrix 12) Which matrix is included in the decision stage of the strategy formulation framework? A) Internal Factor Evaluation (IFE) MatrixB) Quantitative Strategic Planning Matrix (QSPM)C) Boston Consulting Group (BCG) MatrixD) Grand Strategy MatrixE) Strategic Position and Action Evaluation (SPACE) MatrixAnswer: BDiff: 2LO: 6.2: Diagram and explain the three-stage strategy-formulation analytical framework.AACSB: Written and oral communication13) The first stage of the strategy-formulation framework is the input stage, and it is directlyfollowed by the decision stage.Answer: FALSEDiff: 1LO: 6.2: Diagram and explain the three-stage strategy-formulation analytical framework.AACSB: Written and oral communication14) Stage 2 in the strategy-formulation framework involves the Quantitative Strategic PlanningMatrix.Answer: FALSEDiff: 2LO: 6.2: Diagram and explain the three-stage strategy-formulation analytical framework.AACSB: Written and oral communication15) The Strengths-Weaknesses-Opportunities-Threats (SWOT) Matrix, the Strategic Position andAction Evaluation (SPACE) Matrix, the Boston Consulting Group (BCG) Matrix, theInternalExternal (IE) Matrix, and the Grand Strategy Matrix are included in stage two of thestrategyformulation framework.Answer: TRUEDiff: 2LO: 6.2: Diagram and explain the three-stage strategy-formulation analytical framework.AACSB: Written and oral communication 16) Good intuitive judgment is always needed to determine appropriate weights and ratings inthe input stage matrices.Answer: TRUEDiff: 2LO: 6.2: Diagram and explain the three-stage strategy-formulation analytical framework.AACSB: Written and oral communication17) When completing the matching stage of the strategy-formulation framework, the SWOTMatrix needs to be completed before the SPACE Matrix.Answer: FALSEDiff: 2LO: 6.2: Diagram and explain the three-stage strategy-formulation analytical framework.AACSB: Analytical thinking18) To objectively evaluate feasible alternative strategies identified in Stage 1, the QuantitativeStrategic Planning Matrix (QSPM) uses input information derived from Stage 2.Answer: FALSEDiff: 2LO: 6.2: Diagram and explain the three-stage strategy-formulation analytical framework.AACSB: Analytical thinking19) Explain the concept of matching in the strategy formulation framework.Answer: Stage 2 of the strategy-formulation analytical framework is called the matching stage.It focuses on generating feasible alternative strategies by aligning key external and internalfactors.Diff: 2LO: 6.2: Diagram and explain the three-stage strategy-formulation analytical framework.AACSB: Written and oral communication20) Which section of the SWOT Matrix involves matching internal strengths with externalopportunities?A) The WT cellB) The SW cell C) The WO cellD) The ST cellE) The SO cellAnswer: EDiff: 1LO: 6.3: Diagram and explain the Strengths-Weaknesses-Opportunities-Threats (SWOT)Matrix. Upload your study docs or become a Course Hero member to access this document Upload your study docs or become a Course Hero member to access this document End of preview. Want to read all 384 pages? Upload your study docs or become a Course Hero member to access this document D.Total Weighted ScoresE.Sum Total Attractiveness ScoresPage Ref: 227Topic: The Decision StageObjective: 6.02 Explain how to develop a SWOT Matrix, SPACE Matrix, BCG Matrix, IE Matrix, and QSPM.96)What is the highest number of strategies that can be examined at one time with the QSPM? Get answer to your question and much more Page Ref: 227Topic: The Decision StageObjective: 6.02 Explain how to develop a SWOT Matrix, SPACE Matrix, BCG Matrix, IE Matrix, and QSPM.97)Which of these is a limitation of QSPM? Get answer to your question and much more Page Ref: 228Topic: The Decision StageObjective: 6.02 Explain how to develop a SWOT Matrix, SPACE Matrix, BCG Matrix, IE Matrix, and QSPM.98) Which matrix is included in the decision stage of the strategy?Stage three, called the decision stage, involves a single technique, the Quantitative Strategic Planning Matrix (QSPM). A QSPM uses input information from stage one to objectively evaluate feasible strategies identified in stage two.
Which matrix is included in the decision stage of the strategy formulation framework group of answer choices?The correct option is D) Grand Strategy Matrix
Managers can take effective decisions using a grand strategy matrix.
What are the 3 stages in the strategy formulation framework?Techniques of strategy formulation can be integrated into a decision making framework. Strategies can be identified, evaluated and selected by this framework that includes three stages: (1) input stage, (2) matching stage, and (3) decision stage (Figure 1) (David, 2007).
Which stage of the strategy formulation framework includes?The answer is A) input stage. The strategy-formulation framework has three stages; the input stage, the matching stage, and the decision stage. The input stage includes the use of the IFE and EFE matrix.
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Which matrix is included in the decision stage of the strategy formulation framework?
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