Which of the Following Strategy Formulation Tools Was Specifically Developed

question 54

Multiple Choice

Which of the following strategy formulation tools was specifically developed to expand on the BCG Growth-Share Matrix?

• A) Porter's Model for Industry Analysis
• B) the critical questions analysis
• C) SWOT analysis
• D) the GE Multifactor Portfolio Matrix
• E) environmental analysis

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Definitions:

Uncertainty

Uncertainty involves situations where the outcomes, probabilities, or implications are unclear, often leading to ambiguity and indecision.

Social Mobility Belief System

Belief that intergroup boundaries are permeable. Thus, it is possible for someone to pass from a lower-status into a higher-status group to improve social identity.

Subordinate Groups

Groups with less power, less access to resources, and lower social status compared to dominant groups within a society.

Higher-Status Groups

Refer to social groups that are perceived to have greater prestige, power, or access to resources compared to other groups.