Strategic Management Key Success Factors
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Questions and Answers

______ compare your strengths and weaknesses to industry Rate factors

Directly

Assign a rating to each factor.Rating should ______ competitors

be

For this matrix, you will use four elements: critical be between 1 and _____

4

Rating indicates how effective the success factor, weight, rating, and ______

<p>score</p> Signup and view all the answers

Firm’s current strategies respond to the ______

<p>factor</p> Signup and view all the answers

Purpose of Competitive Profile Matrix identifies a firm's major competitors and its particular strengths and weaknesses in relation to a sample firm's strategic ______

<p>position</p> Signup and view all the answers

COMPONENTS OF CPM Critical Success Factors - are the key areas that must be performed at the highest possible level of excellence if organizations want to succeed in a particular ______

<p>industry</p> Signup and view all the answers

Weight - Each critical success factor should be assigned a ______

<p>weight</p> Signup and view all the answers

The ratings in CPM refer to how well companies are doing in each ______

<p>area</p> Signup and view all the answers

Weighted Score - The score is the result of weight multiplied by the ______

<p>rating</p> Signup and view all the answers

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