An organizations present strategies, objectives, vision, and mission, coupled with the external and internal audit information, provide a basis for generating and evaluating feasible alternative strategies

STRATEGIC MANAGEMENT

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

An organization’s present strategies, objectives, vision, and mission, coupled with the external and internal audit information, provide a basis for generating and evaluating feasible alternative strategies

A	True
B	False

Explanation:

Detailed explanation-1: -An organization’s present strategies, objectives, vision, and mission, coupled with the external and internal audit information, provide a basis for generating and evaluating feasible alternative strategies. It is vital that strategists always consider all feasible alternatives that could benefit the firm.

Detailed explanation-2: -Stage 2, called the matching stage, focuses on generating feasible alternative strategies by aligning key external and internal factors. Stage 2 techniques include; -The Strengths-Weaknesses-Opportunities-Threats (SWOT) Matrix.

Detailed explanation-3: -Stage 1 summarises basic input information needed to formulate strategies that includes External Factor Evaluation (EFE) Matrix, Internal Factor Evaluation (IFE) Matrix, and Competitive Profile Matrix (CPM).

Detailed explanation-4: -The correct answer here is option A. Companies with more than one division. The Boston Consulting Group (BCG) matrix is designed specifically to enhance the efforts of companies with more than one division to formulate strategies.

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STRATEGIC MANAGEMENT