1. Strategic alternatives, if adopted,

always require substantial change within the organization.

always require substantial resources for implementation.

may fail.

All of the above.

2. Strength-threat alternatives are always offensive in nature.

True

False

3. The SWOT analysis precedes the SW/OT matrix.

True

False

4. The first step in the strategy formulation process is the SW/OT matrix.

True

False

5. The foundation for a firm’s strengths and weaknesses is

its competitive advantage.

its opportunities and threats.

its market accessibility.

None of the above.

6. The purpose of the SW/OT matrix is to identify blind spots in an organization’s environment.

True

False

7. The tool that analyzes a firm’s strengths and weaknesses to understand how they might translate into competitive advantage is known as the

value chain.

SWOT analysis.

SW/OT matrix.

None of the above.

8. Weakness-opportunity alternatives may be either offensive or defensive.

True

False

9. Weaknesses and threats are associated with factors inside the organization.

True

False

10. Which of the following are always defensive in nature?

strength-opportunity alternative

strength-threat alternative

weakness-opportunity alternative

weakness-threat alternative

11. Which of the following are always offensive in nature?

strength-opportunity alternative

strength-threat alternative

weakness-opportunity alternative

weakness-threat alternative