Paki Explain Po A Comprehensive Strategy Formulation Framework Expla…
paki explain po a comprehensive strategy formulation framework explain please
Answer:
In a Comprehensive Strategy-Formulation Framework, the first stage happens to be the input stage. This is followed by the stage of decision. In the second stage, Quantitative Strategic Planning Matrix is involved in the strategy-formulation framework. The Stage 2 also includes:
Grand Strategy Matrix
Internal-External (IE) Matrix
Boston Consulting Group (BCG) Matrix
Strategic Position and Action Evaluation (SPACE) Matrix
Strengths-Weaknesses-Opportunities-Threats(SWOT) Matrix
In the Input Stage, sound intuitive judgment is perpetually necessary for finding out suitable ratings and weights in the in the matrices of the stage.
It is necessary to complete the SWOT Matrix prior to the SPACE Matrix while completing the strategy-formulation framework’s matching stage. Matching key factors are used for creating viable alternative strategies. Strengths-opportunities strategies depend on exploiting the inner strengths of a company, to benefit from external risks and opportunities.
Explanation:
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