Space Matrix Analysis

&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad1" id&equals;"quads-ad1" style&equals;"float&colon;left&semi;margin&colon;0px 0px 0px 0&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;<p align&equals;"justify">Space Matrix refers to the strategic position and action evaluation matrix&period; Space matrix is an important strategic management tool used for the purpose of determining the type of a strategy a company should undertake&period; The top management of an organization could easily identify the most appropriate strategy for a given enterprise&period; For example they could identify whether to go for aggressive&comma; conservative&comma; defensive&comma; or competitive strategies&period; <&sol;p>&NewLine;<h3>&&num;160&semi;<&sol;h3>&NewLine;<h3>How to Construct Space Matrix&quest;<&sol;h3>&NewLine;<p> &&num;160&semi;<&sol;p>&NewLine;<p> Following are some of the important steps involved in the construction of Space Matrix&period;<&sol;p>&NewLine;<ol>&NewLine;<li>&NewLine;<div align&equals;"justify">Choose a set of variables to define industry strength &lpar;IS&rpar;&comma; Environmental stability &lpar;ES&rpar;&comma; Competitive advantage &lpar;CA&rpar;&comma; and financial strength &lpar;FS&rpar;&period;<&sol;div>&NewLine;<&sol;li>&NewLine;<li>&NewLine;<div align&equals;"justify">Assign numerical values to all the variables of FS and IS ranging from &plus;1&lpar;worst&rpar; to &plus;6 &lpar;best&rpar;&period; <&sol;div>&NewLine;<&sol;li>&NewLine;<li>&NewLine;<div align&equals;"justify">Assign numerical values to all the variables of ES and CA ranging from -1&lpar;best&rpar; to -6 &lpar;worst&rpar;&period; <&sol;div>&NewLine;<&sol;li>&NewLine;<li>&NewLine;<div align&equals;"justify">Calculate the scores for CA&comma; ES&comma; FS&comma; and IS&period;<&sol;div>&NewLine;<&sol;li>&NewLine;<li>&NewLine;<div align&equals;"justify">Plot the average for CA&comma; ES&comma; FS&comma; and IS on the appropriate axis&period;<&sol;div>&NewLine;<&sol;li>&NewLine;<li>&NewLine;<div align&equals;"justify">Now add the two scores on the Y-axis and plot the resultant point on Y&period; Similarly add the two scores on the x axis and plot the resultant point on X and Plot the intersection of the new XY point&period; <&sol;div>&NewLine;<&sol;li>&NewLine;<li>Sketch a directional vector from the origin of the SPACE Matrix through the new intersection point&period; The vector shows the type of strategies recommended for the organization&colon; competitive&comma; conservative defensive&comma; and aggressive&period; <&sol;li>&NewLine;<&sol;ol>&NewLine;<p> &&num;160&semi;<&sol;p>&NewLine;<p> <a href&equals;"http&colon;&sol;&sol;mba-lectures&period;com&sol;wp-content&sol;uploads&sol;2010&sol;09&sol;image1&period;png"><img style&equals;"border-right-width&colon; 0px&semi; display&colon; inline&semi; border-top-width&colon; 0px&semi; border-bottom-width&colon; 0px&semi; border-left-width&colon; 0px" title&equals;"image" border&equals;"0" alt&equals;"image" src&equals;"http&colon;&sol;&sol;mba-lectures&period;com&sol;wp-content&sol;uploads&sol;2010&sol;09&sol;image&lowbar;thumb1&period;png" width&equals;"500" height&equals;"327" &sol;><&sol;a> <&sol;p>&NewLine;<p> &&num;160&semi;<&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad2" id&equals;"quads-ad2" style&equals;"float&colon;none&semi;margin&colon;0px 0 0px 0&semi;text-align&colon;center&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<h3>Space Matrix Calculations<&sol;h3>&NewLine;<p> &&num;160&semi;&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad3" id&equals;"quads-ad3" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;