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Questions and Answers
Which stage of the strategy-formulation framework focuses on generating feasible alternative strategies by aligning key external and internal factors?
Which stage of the strategy-formulation framework focuses on generating feasible alternative strategies by aligning key external and internal factors?
- Stage 1 - Input Stage
- Stage 2 - Matching Stage (correct)
- Stage 4 - Implementation Stage
- Stage 3 - Decision Stage
Which matrix is used in the Matching Stage of the strategy-formulation framework?
Which matrix is used in the Matching Stage of the strategy-formulation framework?
- EFE Matrix
- Competitive Profile Matrix (CPM)
- SWOT Matrix (correct)
- IFE Matrix
Which matrix divides companies into business units into four base?
Which matrix divides companies into business units into four base?
- Boston Consulting Group (BCG) Matrix (correct)
- Competitive Profile Matrix (CPM)
- IFE Matrix
- EFE Matrix
Which stage of the strategy-formulation framework summarizes the basic input information needed to formulate strategies?
Which stage of the strategy-formulation framework summarizes the basic input information needed to formulate strategies?
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Which technique is NOT included in the strategy-formulation analytical framework?
Which technique is NOT included in the strategy-formulation analytical framework?
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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.
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