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The Competitive Profile Matrix (CPM) is a strategic tool that allows organizations to identify and evaluate their major competitors and assess their strengths and weaknesses relative to a firm's strategic position. The CPM is similar to the External Factor Eva...

The Strategy Analysis and Choice Process is a critical component of strategic management. It involves evaluating potential strategies, selecting the best fit for the organization, and preparing to implement it. This process ensures that an organization chooses...

The Strategy Formulation Analytical Framework is a structured approach that organizations use to develop and analyze potential strategies. This framework helps identify, evaluate, and choose the best strategic options to achieve the organization’s objectives. ...

Internal Factor Evaluation (IFE) Matrix The IFE Matrix is a strategic tool used to analyze internal strengths and weaknesses of a business to assess its internal strategic position. Steps to Develop an IFE Matrix List Key Internal Factors: Identify 10-20 int...

The Competitive Profile Matrix (CPM) is a strategic tool that compares a company to its main competitors by assessing critical success factors relevant to the industry. Unlike the External Factor Evaluation (EFE) and Internal Factor Evaluation (IFE) matrices, ...

SWOT and SPACE analyses are two essential tools used in strategic management to evaluate an organization's internal and external environment. They help companies understand their current position, identify strategic options, and make informed decisions about f...

The BCG Matrix, developed by the Boston Consulting Group, is a strategic tool used to evaluate an organization’s product portfolio based on market growth rate and relative market share. It helps organizations allocate resources and prioritize products for grow...

The Internal-External (IE) Matrix is a strategic management tool that helps organizations assess their business units or products based on two dimensions: internal strength and external attractiveness. This matrix guides decisions on resource allocation and st...

The Grand Strategy Matrix is a strategic tool that helps organizations determine the most suitable strategies based on their competitive position and market growth rate. By positioning the organization within one of four quadrants, this matrix provides clear g...

The Quantitative Strategic Planning Matrix (QSPM) is a tool that helps organizations objectively evaluate and prioritize strategic alternatives based on specific criteria. By assigning weights and scores, the QSPM provides a structured approach for decision-ma...

The Culture and Politics of Strategy Analysis and Choice refers to the impact of organizational culture and internal politics on the process of selecting and implementing strategies. While strategy analysis involves objective evaluation, cultural norms and pol...

In today’s business environment, Social Responsibility and Ethical Sensitivity are critical parameters in evaluating and selecting strategies. Beyond financial performance, organizations are increasingly expected to consider the broader impact of their strateg...

Long-term objectives are specific results that an organization seeks to achieve in pursuing its mission. These objectives typically cover a time frame of more than one year, usually between two to five years, and are essential for organizational success. Key ...

In Strategic Management, strategies are developed at different levels within an organization to ensure that each function and division contributes effectively to achieving overall organizational goals. Here are the three main levels of strategies: 1. Corporate...

Integration strategies are approaches used by companies to expand control over different parts of the supply chain or other aspects of their business environment. By implementing integration strategies, companies can strengthen their market position, reduce co...

Intensive strategies are growth strategies that focus on increasing a company's market share, revenue, and profitability by intensifying its efforts in existing markets or through new product development. These strategies are particularly useful for companies ...

Diversification strategies involve expanding a company’s products or markets to reduce risk and capitalize on growth opportunities. There are four main types of diversification strategies: Concentric Diversification, Horizontal Diversification, Vertical Divers...

Defensive strategies are approaches that organizations use to protect their market position, profitability, and overall stability in response to competition or challenging market conditions. Unlike growth strategies, which focus on expanding the business, defe...

Generic strategies are fundamental approaches that companies can use to gain a competitive advantage within their industry. Developed by Michael Porter, these strategies include Cost Leadership, Differentiation, and Focus. Each strategy offers a different path...

Achieving strategic objectives often requires specific methods that help companies gain a competitive edge, expand their market presence, or optimize resources. Some common means for achieving strategies include Joint Ventures, Mergers and Acquisitions (M&A), ...