STRATMA FINALS

financial position [FP], financial position [FP] and financial position [FP] industry position [IP]

The axes of the SPACE Matrix represent two internal dimensions ________________ and _________________ and two external dimensions ________________ and ______________

Decision Stage

· As indicated above, participants could individually rate strategies on a 1-to-4 scale as to desirability, and then sum the ratings from all participants, so that a prioritized list of the best strategies could be achieved.

Strategic Position and Action Evaluation (SPACE) Matrix,

· Its four-quadrant framework indicates whether aggressive, conservative, defensive, or competitive strategies are most appropriate for a given organization.

specific, actionable, and divisional

· Successful matching of key external and internal factors depends on those underlying key factors being ___________, _________, and __________ to the extent possible

Stage 2 - Matching Stage

· focuses on generating feasible alternative strategies by aligning key external and internal factors

The Boston Consulting Group (BCG) Matrix BCG Matrix

· graphically portrays differences among divisions in terms of relative market share position and industry growth rate

Strategy

· is sometimes defined as the match an organization makes between its internal resources and skills and the opportunities and risks created by its external factors.

The Boston Consulting Group (BCG) Matrix and the Internal-External (IE) Matrix

are designed specifically to enhance a multidivisional firm's efforts to formulate strategies

Strengths-Weaknesses-Opportunities-Threats (SWOT) Matrix

is an important matching tool that helps managers develop four types of strategies: SO (strengths-opportunities) strategies, WO (weaknesses-opportunities) strategies, ST (strengths-threats) strategies, and WT (weaknesses- threats)strategies.

· WO Strategies

o aim at improving internal weaknesses by taking advantage of external opportunities

WT Strategies

o defensive tactics directed at reducing internal weakness and avoiding external threats

· SO Strategies

o use a firm's internal strengths to take advantage of external opportunities

strategy-formulation analytical framework

require the integration of intuition and analysis. Autonomous divisions in an organization commonly use strategy-formulation techniques to develop strategies and objectives. Divisional analyses provide a basis for identifying, evaluating, and selecting among alternative corporate-level strategies.