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STRATEGY ANALYSIS AND CHOICE - Coggle Diagram
STRATEGY ANALYSIS AND CHOICE
The Nature of Strategy Analysis and Choice
The Process of Generating and Selecting Strategies
A Comprehensive Strategy-Formulation Framework
The tools in framework are applicable to all sizes and types of organizations and can help strategists identify, evaluate, and select strategies.
The Input Stage
The input tools require strategists to quantify subjectivity during early stages of the strategy-formulation process.
The Matching Stage
The Strengths-Weaknesses-Opportunities-Threats (SWOT) Matrix
The Strategic Position and Action Evaluation (SPACE) Matrix
The Boston Consulting Group (BCG) Matrix
The Internal-External (IE) Matrix The Internal-External (IE) Matrix positions
The Grand Strategy Matrix
The Decision Stage
The Quantitative Strategic Planning Matrix (QSPM)
Positive Features and Limitations of the QSPM
Cultural Aspect of Strategy Choice
Culture includes the set of shared values, beliefs, attitudes, customs, norms, personalities, heroes, and heroines that describe a firm.
The Politics of Strategy Choice
political maneuvering consumes valuable time, subverts organizational objectives, diverts human energy, and results in the loss of some valuable employees.
Governance Issues
The act of oversight and direction is referred to as governance.