Internal Analysis

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Questions Bank

Strategic Management
Company Mission
Corporate Social Responsibility and Business Ethics
The External Environment
The Global Environment
Internal Analysis
Long-Term Objectives and Strategies
Business Strategy
Multibusiness Strategy
Implementation
Organizational Structure
Leadership and Culture
Strategic Control
Innovation and Entrepreneurship

All Questions

Question 1

Free

Multiple Choice

The tendency to accept the status quo and disregard signals that change is needed is called:

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Management myopia

Environmental awareness

Management long-sightedness

Subjective management

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Question 2

Free

Multiple Choice

SWOT analysis's value and continued use is found in its:

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Complexity

Difficulty

Simplicity

Short-sighted nature

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Question 3

Free

Multiple Choice

What have strategists sought in frameworks besides SWOT for conducting internal analysis?

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They have sought to get less detail from other frameworks

They have sought that the frameworks be more comprehensive

They have sought a less generic framework

They have sought to better account for internal factors in light of external factors

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Question 4

Free

Multiple Choice

A good fit maximizes a firm's _ and minimizes its .

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strengths and weaknesses; opportunities and threats

strengths and opportunities; weaknesses and threats

strengths and threats; weaknesses and opportunities

strengths and opportunities; opportunities and threats

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Question 5

Free

Multiple Choice

SWOT analysis is based on the assumption that an effective strategy derives from a sound "fit" between a firm's _ and its .

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strengths and opportunities; weaknesses and threats

strengths and weaknesses; opportunities and threats

strengths and threats; weaknesses and opportunities

strengths and opportunities; opportunities and threats

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Question 6

Multiple Choice

_______ views a firm as a sequential process of value-creating activities.

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Resource-based analysis

Value chain analysis

SWOT analysis

Primary internal analysis

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Question 7

Multiple Choice

Common to all the approaches to internal analysis is:

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The use of meaningful standards for comparison in internal analysis

The use of external factors of analysis

The process point of view

Management market myopia

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Question 8

Multiple Choice

________ is a historically popular technique through which managers create a quick overview of a company's strategic situation-it is based on achieving a sound fit between internal resources and the external situation.

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Internal analysis

External analysis

Value chain analysis

SWOT analysis

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Question 9

Multiple Choice

A(n) ________ is a major favorable situation in a firm's environment.

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Value chain

Strength

Opportunity

Capability

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Question 10

Multiple Choice

A(n) ______ is a major unfavorable situation in a firm's environment.

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Weakness

Core strength

Competitive disadvantage

Threat

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Question 11

Multiple Choice

Which of the following is NOT an example of an opportunity for the firm?

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Identification of a previously overlooked market segment

Improved buyer or supplier relationships

Positive changes in regulatory circumstances

Strong reputation and image with a key demographic

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Question 12

Multiple Choice

A(n) ______ is a resource or capability controlled by or available to a firm that gives it an advantage relative to its competitors in meeting the needs of the customers it serves.

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Competence

Strength

Opportunity

Competitive advantage

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Question 13

Multiple Choice

A(n) _______ is a limitation or deficiency in one or more of a firm's resources or capabilities relative to its competitors that creates a disadvantage in effectively meeting customer needs.

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Weakness

Threat

Competitive limit

Marginal resource

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Question 14

Multiple Choice

Consider e-Pixels,a company that produces miniature digital video cameras that feature easy downloads and uplinks to computers.Which of the following represents a potential strength for the firm?

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Brand name

Digitalization of most types of media

Growing global computer companies with similar technology

Limited experience with video technology

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Question 15

Multiple Choice

According to a SWOT analysis diagram,what strategy does Cell 1 support?

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Aggressive

Turnaround

Defensive

Diversification

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Question 16

Multiple Choice

The cells on the bottom of the SWOT diagram are both characterized by:

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Substantial internal strengths

Numerous environmental opportunities

Critical internal weaknesses

Major environmental threats

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Question 17

Multiple Choice

Which cell in the SWOT analysis diagram is the most favorable situation?

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Cell 1

Cell 2

Cell 3

Cell 4

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Question 18

Multiple Choice

________ represents the least favorable situation,with the firm facing major environmental threats from a weak resource position.

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Cell 1

Cell 2

Cell 3

Cell 4

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Question 19

Multiple Choice

Which cell supports a turnaround-oriented strategy?

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Cell 2

Cell 3

Cell 4

Cell 1

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Question 20

Multiple Choice

Which of the following describes the situation for a firm in Cell 2?

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The firm faces several environmental opportunities and has numerous strengths that encourage pursuit of those opportunities

The firm faces major environmental threats from a weak resource position

The firm has identified several key strengths, but faces an unfavorable environment

The firm faces impressive market opportunity, but is constrained by weak internal resources

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Internal Analysis

The tendency to accept the status quo and disregard signals that change is needed is called:

SWOT analysis's value and continued use is found in its:

What have strategists sought in frameworks besides SWOT for conducting internal analysis?

A good fit maximizes a firm's _________ and minimizes its ________ .

SWOT analysis is based on the assumption that an effective strategy derives from a sound "fit" between a firm's _________ and its ________ .

_______ views a firm as a sequential process of value-creating activities.

Common to all the approaches to internal analysis is:

________ is a historically popular technique through which managers create a quick overview of a company's strategic situation-it is based on achieving a sound fit between internal resources and the external situation.

A(n) ________ is a major favorable situation in a firm's environment.

A(n) ______ is a major unfavorable situation in a firm's environment.

Which of the following is NOT an example of an opportunity for the firm?

A(n) ______ is a resource or capability controlled by or available to a firm that gives it an advantage relative to its competitors in meeting the needs of the customers it serves.

A(n) _______ is a limitation or deficiency in one or more of a firm's resources or capabilities relative to its competitors that creates a disadvantage in effectively meeting customer needs.

Consider e-Pixels,a company that produces miniature digital video cameras that feature easy downloads and uplinks to computers.Which of the following represents a potential strength for the firm?

According to a SWOT analysis diagram,what strategy does Cell 1 support?

The cells on the bottom of the SWOT diagram are both characterized by:

Which cell in the SWOT analysis diagram is the most favorable situation?

________ represents the least favorable situation,with the firm facing major environmental threats from a weak resource position.

Which cell supports a turnaround-oriented strategy?

Which of the following describes the situation for a firm in Cell 2?

A good fit maximizes a firm's _ and minimizes its .

SWOT analysis is based on the assumption that an effective strategy derives from a sound "fit" between a firm's _ and its .