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Bus 490 Wk 7 Quiz 6 Ch. 6 - All Possible Questions

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BUS 490 WK 7 Quiz 6 Ch. 6 - All Possible Questions

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BUS 490 WK 7 Quiz 6 Ch. 6 - All Possible Questions

1) An organization's present strategies, objectives and mission provide a basis for generating and evaluating feasible alternative strategies, coupled with the external and internal audit information.

2) Alternative strategies don't come out of the blue; they are derived from the firm's vision, mission and objectives.

3) It is vital that strategists always consider all feasible alternatives that could benefit the firm.

4) The first stage of the strategy-formulation framework is the input stage, and it is directly followed by the decision stage.

5) Stage 2 in the strategy-formulation framework involves the Quantitative Strategic Planning Matrix.

6) The Strengths-Weaknesses-Opportunities-Threats (SWOT) Matrix, the Strategic Position and Action Evaluation (SPACE) Matrix, the Boston Consulting Group (BCG) Matrix, the Internal-External (IE) Matrix and the Grand Strategy Matrix are included in stage two of the strategy-formulation framework.

7) Good intuitive judgment is always needed to determine appropriate weights and ratings in the input stage matrices.

8) When completing the matching stage of the strategy-formulation framework, the SWOT Matrix needs to be completed before the SPACE Matrix.

9) The purpose of matching key factors is to generate feasible alternative strategies.

10) Strengths-opportunities strategies are based on using a firm's internal strengths to take advantage of external opportunities and threats.

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

12) One of the steps of the SWOT Matrix is to list the firm's key external opportunities.

13) The SWOT matrix is widely used as an organizational tool and, if used appropriately, does not have any...


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