Question: 1 . What is the first step in constructing a SWOT Matrix? Group of answer choices Match internal strengths with external opportunities and record the
What is the first step in constructing a SWOT Matrix?
Group of answer choices
Match internal strengths with external opportunities and record the resultant SO strategies in the appropriate cell.
List the firm's AQCD internal strengths.
List the firm's external opportunities.
List the firm's key AQCD external threats.
Match internal strengths with external threats and record the resultant ST strategies.
When generating and selecting strategies, Group of answer choices tradeoffs should be ignored creativity should be encouraged only top management should be involved an exhaustive list should be generated alternatives should be evaluated as soon as they surface
Which analytical tool determines the relative attractiveness of various strategies based on the extent to which key external and internal critical success factors are capitalized upon or improved?
Group of answer choices
InternalExternal IE Matrix
Strategic Position and Action Evaluation SPACE Matrix
Boston Consulting Group BCG Matrix
Quantitative Strategic Planning Matrix QSPM
StrengthsWeaknessesOpportunitiesThreats SWOT Matrix
can be the primary reason for difficulties a firm encounters when it attempts to shift its strategic direction.
Group of answer choices
Vales
Organizational culture
Demographics
Attitude
Belief System
The four strategy cells of the SWOT Matrix include all of the following EXCEPT
Group of answer choices
SW
ST
WT
SO
WO
In the Boston Consulting Group BCG Matrix, which strategy would be most appropriate for a division classified as a Dog?
Group of answer choices
Market development
Forward integration
Market penetration
Retrenchment
Product development
Competitive strategies in a SPACE Matrix most often include product development, market development, and related diversification. Group of answer choices True False
The divisions of many firms evolve over time from one quadrant of the BCG Matrix to another.
Group of answer choices
True
False
A SWOT Matrix is composed of four cells for the four types of strategies it creates.
Group of answer choices
True
False
Successful strategists generously and visibly reward key thrusts that succeed.
Group of answer choices
True
False
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