5 Questions
Which stage of the strategy-formulation framework focuses on generating feasible alternative strategies by aligning key external and internal factors?
Stage 2 - Matching Stage
Which matrix is used in the Matching Stage of the strategy-formulation framework?
SWOT Matrix
Which matrix divides companies into business units into four base?
Boston Consulting Group (BCG) Matrix
Which stage of the strategy-formulation framework summarizes the basic input information needed to formulate strategies?
Stage 1 - Input Stage
Which technique is NOT included in the strategy-formulation analytical framework?
Focuses on strategy formulation
Study Notes
Strategy-Formulation Framework
- The Development Stage focuses on generating feasible alternative strategies by aligning key external and internal factors.
- The Matching Stage uses the SWOT Matrix to analyze the company's internal strengths and weaknesses, as well as external opportunities and threats.
Company Analysis
- The BCG Matrix divides companies into business units into four bases: Stars, Cash Cows, Question Marks, and Dogs.
Initial Stage
- The Situation Analysis stage summarizes the basic input information needed to formulate strategies, including an analysis of the company's internal and external environment.
Excluded Technique
- Game Theory is NOT included in the strategy-formulation analytical framework.
Take this quiz to test your knowledge on strategy analysis and choice. Learn about the comprehensive strategy formulation framework and the techniques involved in identifying and evaluating alternative strategies. Perfect for managers and employees involved in strategic decision-making.
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