10 Questions
______ 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 ______
score
Firm’s current strategies respond to the ______
factor
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 ______
position
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 ______
industry
Weight - Each critical success factor should be assigned a ______
weight
The ratings in CPM refer to how well companies are doing in each ______
area
Weighted Score - The score is the result of weight multiplied by the ______
rating
This quiz covers the key success factors (KSFs) in strategic management, focusing on competitive attributes, resources, competencies, and capabilities that affect industry members' ability to prosper. It delves into the art and science of formulating, implementing, and evaluating cross-functional decisions for organizational success.
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