GEB MCQ GEB Chapter 6 Which matrix is included in the decision stage of the strategy formulation framework?
A) Internal Factor Evaluation Matrix Answer: B) Quantitative Strategic Planning Matrix Which matrix is included in the decision stage of the strategy formulation framework?
Which matrix is included in the decision stage of the strategy formulation framework?
B) Quantitative Strategic Planning Matrix
C) Boston Consulting Group Matrix
D) Grand Strategy Matrix
E) Strategic Position and
Action Evaluation Matrix
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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.
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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?
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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?
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Page Ref: 228Topic: The Decision StageObjective: 6.02 Explain how to develop a SWOT Matrix, SPACE Matrix, BCG Matrix, IE Matrix, and QSPM.98)