click below
click below
Normal Size Small Size show me how
bus 450 extra
| Question | Answer |
|---|---|
| Stars (Q2) | A quadrant in the BCG Matrix for divisions that have a high relative market share position and compete in a high-growth industry; this is the upper-left quadrant. |
| Question marks (Q1) | A quadrant in the BCG Matrix for divisions that have a low relative market share position but compete in a high-growth industry; this is the upper-right quadrant |
| Cash Cows (Q3) | A quadrant in the BCG Matrix for divisions that have a high relative market share position but compete in a low-growth industry; they generate cash in excess of their needs are often milked; this is the lower-left quadrant. |
| Dogs (Q4) | A quadrant in the BCG Matrix for divisions that have a low relative market share position and compete in a low-growth industry; this is the lower-right quadrant. |
| Competitive Quadrant | In a SPACE Matrix analysis, when the firm’s directional vector points in the lower-right quadrant it suggests that the firm should pursue competitive strategies such as horizontal integration |
| Aggressive Quadrant | In a SPACE matrix analysis, when the firm’s directional vector points in the upper-right quadrant, the firm should pursue aggressive strategies. |
| Defensive Quadrant | In a SPACE Matrix analysis, when the firm’s directional vector goes into the lower-left quadrant it suggests that the firm should pursue defensive strategies such as retrenchment. |
| Conservative Quadrant | In a SPACE Matrix analysis, when the firm’s directional vector points in the upper-left quadrant it suggests that the firm should pursue conservative strategies such as market penetration. |
| Chapter 7 bankruptcy | is a liquidation procedure used only when a corporation sees no hope of being able to operate successfully or to obtain the necessary creditor agreements. |
| Chapter 9 bankruptcy | applies to municipalities. |
| Chapter 11 bankruptcy | allows organizations to reorganize and come back after filing. |
| Chapter 12 bankruptcy | provides special relief to family farmers with debt equal to or less than $1.5 million. |
| Chapter 13 bankruptcy | is similar to Chapter 11 but available only to small businesses owned by individuals with unsecured debts of less than $100,000 and secured debts of less than $350,000. |
| Boston Consulting Group Matrix (BCG) | is designed specifically to enhance a multidivisional firm’s efforts to formulate strategies |
| Strategic Position and Action Evaluation Matrix (SPACE) | is another Stage 2 matching tool that uses two axes and four quadrants to reveal whether aggressive, conservative, defensive, or competitive strategies are most appropriate for a given organization. |
| Grand Strategy Matrix | is a popular tool for formulating alternative strategies. |
| Quantitative Strategic Planning Matrix (QSPM) | comprises Stage 3 of the strategy formulation analytical framework, objectively indicates which alternative strategies are the most attractive. |
| strategy formulation analytical framework | stage 1: input stage; stage 2: matching stage; stage 3: decision stage |
| Input Stage: | This stage involves gathering essential information using tools like the External Factor Evaluation (EFE) Matrix, Internal Factor Evaluation (IFE) Matrix, and Competitive Profile Matrix (CPM). |
| Matching Stage: | SWOT Matrix, Strategic Position and Action Evaluation (SPACE) Matrix, Boston Consulting Group (BCG) Matrix, Internal-External (IE) Matrix, and Grand Strategy Matrix. |
| Decision Stage: | In this final stage, the Quantitative Strategic Planning Matrix (QSPM) is used to evaluate and select the best strategies from those generated in the matching stage. |