ch06 - Chapter 6 Strategy Analysis & Choice Subjective...

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Ch 6 -1 Subjective decisions based on objective information Generating alternative strategies Selecting strategies to pursue Best alternative course of action to Derived from vision, mission, objectives, external audit, and internal audit Chapter 6 Strategy Analysis & Choice
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Ch 6 -2 Comprehensive Strategy- Formulation Framework Stage 1 - Input Stage EFE Matrix IFE matrix CPM Stage 2 - Matching Stage SWOT SPACE matrix BCG matrix IE Matrix Grand strategy matrix Stage 3 - Decision Stage QSPM
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Ch 6 -3 Strategy-Formulation Framework External Factor Evaluation Matrix (EFE) Internal Factor Evaluation Matrix (IFE) Competitive Profile Matrix (CPM) Stage 1: The Input Stage
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Ch 6 -4 Strategy-Formulation Framework SWOT Matrix SPACE Matrix BCG Matrix IE Matrix Grand Strategy Matrix Stage 2: The Matching Stage Match between organization’s internal resources & skills and the opportunities & risks created by its external factors Methods used to determine what type of a strategy a company should undertake
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SWOT Matrix Strengths-Opportunities (SO) SO strategies use a firm’s internal strengths to take advantage of external opportunities Weaknesses-Opportunities (WO) WO strategies improve internal weaknesses by taking advantage of external opportunities Strengths-Threats (ST) ST strategies use a firm’s strengths to avoid or reduce the impact of external threats Weaknesses-Threats (WT)
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This note was uploaded on 03/30/2012 for the course HRAD 4523 taught by Professor Leong during the Spring '08 term at Oklahoma State.

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ch06 - Chapter 6 Strategy Analysis & Choice Subjective...

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