Premium Essay

Space Matrix

In:

Submitted By sdcsyazwan
Words 867
Pages 4
The SPACE matrix is a management tool used to analyze a company. It is used to determine what type of a strategy a company should undertake.
The Strategic Position & ACtion Evaluation matrix or short a SPACE matrix is a strategic management tool that focuses on strategy formulation especially as related to the competitive position of an organization.
The SPACE matrix can be used as a basis for other analyses, such as the SWOT analysis, BCG matrix model, industry analysis, or assessing strategic alternatives (IE matrix).
What is the SPACE matrix strategic management method?
To explain how the SPACE matrix works, it is best to reverse-engineer it. First, let's take a look at what the outcome of a SPACE matrix analysis can be, take a look at the picture below. The SPACE matrix is broken down to four quadrants where each quadrant suggests a different type or a nature of a strategy: * Aggressive * Conservative * Defensive * Competitive
This is what a completed SPACE matrix looks like:

This particular SPACE matrix tells us that our company should pursue an aggressive strategy. Our company has a strong competitive position it the market with rapid growth. It needs to use its internal strengths to develop a market penetration and market development strategy. This can include product development, integration with other companies, acquisition of competitors, and so on.
Now, how do we get to the possible outcomes shown in the SPACE matrix? The SPACE Matrix analysis functions upon two internal and two external strategic dimensions in order to determine the organization's strategic posture in the industry. The SPACE matrix is based on four areas of analysis.
Internal strategic dimensions: Financial strength (FS) Competitive advantage (CA)
External strategic dimensions: Environmental stability (ES) Industry

Similar Documents

Premium Essay

Mcdonald’s Swot & Space Matrix

...McDonald’s SWOT & Space Matrix Columbia Southern University Business Policy and Strategy SWOT Matrix of McDonald’s STRENGTHS Biggest Fast Food ChainMcDonald’s Brand is popular throughout the world Strong brandChildren are there focus | WEAKNESSESNo new products introduce with the fast food industryNegative publicity from activists who protect animal’s rights.Known for having unhealthy menu Have not tap into the pizza market | OPPORTUNITIESTap into the Coffee and smoothie marketExpanding its brand to the next level Joining forces with Larger retailersBreaking into home delivery health food market | THREATSBlame for contributing to unhealthy eating habits The global economic downturn threatens to harm McDonald’s revenues. Strong competition from fast food chains in the developed marketCurrency fluctuations overseas are a factor in McDonald’s overall earning | McDonald’s is leading from the front when it comes to fast food industry in the world. It’s presence it felt around the world with over 31,000 restaurants and franchisees spread out in 119 different countries give it the financial overhead to out due it competition. Overall from year to year McDonald’s has proven that they can continue to grow and increase its net profit over 1.1 billion dollars since 20008 to current weighing in at net profit as of 2012 of 5.4 billion dollars. The fast food chain competitors have not changed over the year and still are lingering on Burger King’ Yum;...

Words: 645 - Pages: 3

Premium Essay

Space Matrix Strategic Management Method

...The SPACE matrix is a management tool used to analyze a company. It is used to determine what type of a strategy a company should undertake. The Strategic Position & ACtion Evaluation matrix or short a SPACE matrix is a strategic management tool that focuses on strategy formulation especially as related to the competitive position of an organization. The SPACE matrix can be used as a basis for other analyses, such as the SWOT analysis, BCG matrix model, industry analysis, or assessing strategic alternatives (IE matrix). What is the SPACE matrix strategic management method? To explain how the SPACE matrix works, it is best to reverse-engineer it. First, let's take a look at what the outcome of a SPACE matrix analysis can be, take a look at the picture below. The SPACE matrix is broken down to four quadrants where each quadrant suggests a different type or a nature of a strategy: Aggressive Conservative Defensive Competitive This is what a completed SPACE matrix looks like: SPACE matrix strategic management tool example This particular SPACE matrix tells us that our company should pursue an aggressive strategy. Our company has a strong competitive position it the market with rapid growth. It needs to use its internal strengths to develop a market penetration and market development strategy. This can include product development, integration with other companies, acquisition of competitors, and so on. Now, how do we get to the possible outcomes...

Words: 895 - Pages: 4

Free Essay

Economcis

...Advanced linear algebra M. Anthony, M. Harvey MT2118, 2790118 2011 Undergraduate study in Economics, Management, Finance and the Social Sciences This is an extract from a subject guide for an undergraduate course offered as part of the University of London International Programmes in Economics, Management, Finance and the Social Sciences. Materials for these programmes are developed by academics at the London School of Economics and Political Science (LSE). For more information, see: www.londoninternational.ac.uk This guide was prepared for the University of London International Programmes by: Professor M. Anthony, BSc, MA, PhD and Dr M. Harvey, BSc, MSc, PhD, Department of Mathematics, The London School of Economics and Political Science. This is one of a series of subject guides published by the University. We regret that due to pressure of work the authors are unable to enter into any correspondence relating to, or arising from, the guide. If you have any comments on this subject guide, favourable or unfavourable, please use the form at the back of this guide. University of London International Programmes Publications Office Stewart House 32 Russell Square London WC1B 5DN United Kingdom Website: www.londoninternational.ac.uk Published by: University of London © University of London 2006 Reprinted with minor revisions 2011 The University of London asserts copyright over all material in this subject guide except where otherwise indicated....

Words: 23718 - Pages: 95

Free Essay

Eigen Value Eigen Vectors

...1 Eigenvalues And Eigenvectors Aamir Nazir Course:- B.Tech 2nd Year (Civil Engineering) Section:- A Roll No.:- 120107002 System ID:- 2012018068 Subject:- Mathematics Subject Code:- MTH-217 Course Code:- CE-107 Teacher Incharge:- Ms. Archana Prasad 2 Contents 1. Abstract 3 2. Introduction 3-4 3. Eigenvectors and Eigenvalues of a real matrix 4 a. Characteristic Polynomial 7-8 b. Algebraic Multiplicities 8-9 4. Calculation 9 a. Computing Eigenvalues 9 b. Computing Eigen Vectors 10 5. Applications 10 a. Geology and Glaciology 10-11 b. Vibration Analysis 11-12 c. Tensor of Moment of Inertia 12 d. Stress Tensor 12 e. Basic...

Words: 4837 - Pages: 20

Premium Essay

Matrices

...PROPERTIES OF MATRICES INDEX adjoint.......................4, 5 algebraic multiplicity .....7 augmented matrix.........3 basis.........................3, 7 cofactor ........................4 coordinate vector ..........9 Cramer's rule................1 determinant...............2, 5 diagonal matrix .............6 diagonalizable...............8 dimension .....................6 dot product ...................8 eigenbasis ....................7 eigenspace...................7 eigenvalue ....................7 eigenvector...................7 geometric multiplicity....7 identity matrix ...............4 image ...........................6 inner product................9 inverse matrix...............5 inverse transformation..4 invertible.......................4 isomorphism.................4 kernal ...........................6 Laplace expansion by minors .....................8 linear independence.....6 linear transformation.....4 lower triangular.............6 norm .......................... 10 nullity............................ 8 orthogonal ................ 7, 9 orthogonal diagonalization ................................ 8 orthogonal projection.... 7 orthonormal.................. 7 orthonormal basis ........ 7 pivot columns............... 7 quadratic form.............. 9 rank.............................. 3 reduced row echelon form ................................ 3 reflection ...................... 8 row operations ............. 3 rref ................................3 similarity .......

Words: 4781 - Pages: 20

Free Essay

Accounting

...Axia College Material Appendix B Cash Management Matrix Directions: Using the matrix, list how each of the principles of internal control works, and give an example for each. Next, list how each of the principles of cash management works, and give an example for each.  |Principles of Internal Control |How it Works |Example | |Establishment of responsibility |Designating one person to a task. |If one person is in charge of a bank deposit, they are held | | | |responsible for putting the correct amount in the bank, the | | | |addition of the money, and if it is wrong (short/long), there is| | | |no question of who is responsible for the mistake. | |Segregation of duties |Divide the duties among employees and be consistent that they |Checking in merchandise, this person would know that they are | | ...

Words: 520 - Pages: 3

Premium Essay

Matrix

...| Plato, Descartes, and the Matrix After obtaining knowledge from the Matrix, Plato's Allegory of the Cave or The Republic and the first Mediation from Descartes, I see that there are a few likenesses and contrasts. I would need to say that The Matrix and Plato's hole purposeful tale were more comparable because the individuals included in both stories, they existed in this present reality where they were being cheated about what the fact of the matter was. In the Matrix, once Neo saw this present reality and that all that he thought was true was really a hallucination, is very much alike to the shadows on the dividers of the surrender that the prisoners saw in Plato's Allegory of the hole. In both stories, both characters could encounter reality as well as the phony world and was given opportunity to see reality and were confounded. Nonetheless, the detainee in Plato's story in the wake of picking up this new information let others in servitude know of his recently discovered learning however felt that the first truth was less demanding to with the exception to. Then again Neo in The Matrix chose he needed to realize what the right truth was. Both characters were intrigued by figure out reality however they recognized reality in an unexpected way. Plato thought it was fundamental for the affixed man in the Allegory of the Cave required to escape from the hole to look for reality. Socrates portrays a gathering of individuals who have lived anchored to the divider of a buckle...

Words: 1325 - Pages: 6

Free Essay

Give Me Answer

...variable a to the workspace and displays the result in the Command Window. a= 1 When you do not specify an output variable, MATLAB uses the variable ans, short for answer, to store the results of your calculation. sin(a) ans = 0.8415 If you end a statement with a semicolon, MATLAB performs the computation, but suppresses the display of output in the Command Window. sin(a); At any time you want to know the active variables you can use: KMLIM TCI2261 2012/2013 Arrays MATLAB is an abbreviation for "matrix laboratory."While other programming languages mostly work with numbers one at a time, MATLAB is designed to operate primarily on whole matrices and arrays. All MATLAB variables are multidimensional arrays, no matter what type of data. A matrix is a two-dimensional array often used for linear algebra. Row vector: comma or space separated values between brackets Column vector: semicolon separated values between brackets Matrices Matrix...

Words: 486 - Pages: 2

Premium Essay

Matrices

...PROPERTIES OF MATRICES INDEX adjoint.......................4, 5 algebraic multiplicity .....7 augmented matrix.........3 basis.........................3, 7 cofactor ........................4 coordinate vector ..........9 Cramer's rule................1 determinant...............2, 5 diagonal matrix .............6 diagonalizable...............8 dimension .....................6 dot product ...................8 eigenbasis ....................7 eigenspace...................7 eigenvalue ....................7 eigenvector...................7 geometric multiplicity....7 identity matrix ...............4 image ...........................6 inner product................9 inverse matrix...............5 inverse transformation..4 invertible.......................4 isomorphism.................4 kernal ...........................6 Laplace expansion by minors .....................8 linear independence.....6 linear transformation.....4 lower triangular.............6 norm .......................... 10 nullity............................ 8 orthogonal ................ 7, 9 orthogonal diagonalization ................................ 8 orthogonal projection.... 7 orthonormal.................. 7 orthonormal basis ........ 7 pivot columns............... 7 quadratic form.............. 9 rank.............................. 3 reduced row echelon form ................................ 3 reflection ...................... 8 row operations ............. 3 rref ................................3 similarity .......

Words: 4781 - Pages: 20

Premium Essay

Research Paper

...ReaseachA SAMPLE RESEARCH PAPER/THESIS/DISSERTATION ON ASPECTS OF ELEMENTARY LINEARY ALGEBRA by James Smith B.S., Southern Illinois University, 2010 A Research Paper/Thesis/Dissertation Submitted in Partial Fulfillment of the Requirements for the Master of Science Degree Department of Mathematics in the Graduate School Southern Illinois University Carbondale July, 2006 (Please replace Name and Year with your information and delete all instructions) Copyright by NAME, YEAR All Rights Reserved **(This page is optional)** RESEARCH PAPER/THESIS/DISSERTATION APPROVAL TITLE (in all caps) By (Author) A Thesis/Dissertation Submitted in Partial Fulfillment of the Requirements for the Degree of (Degree) in the field of (Major) Approved by: (Name of thesis/dissertation chair), Chair (Name of committee member 1) (Name of committee member 2) (Name of committee member 3) (Name of committee member 4) Graduate School Southern Illinois University Carbondale (Date of Approval) AN ABSTRACT OF THE DISSERTATION OF NAME OF STUDENT, for the Doctor of Philosophy degree in MAJOR FIELD, presented on DATE OF DEFENSE, at Southern Illinois University Carbondale. (Do not use abbreviations.) TITLE: A SAMPLE RESEARCH PAPER ON ASPECTS OF ELEMENTARY LINEAR ALGEBRA MAJOR PROFESSOR: Dr. J. Jones (Begin the abstract here, typewritten and double-spaced. A thesis abstract should consist of 350 words or less including the heading. A page and one-half is approximately 350 words.) ...

Words: 3580 - Pages: 15

Free Essay

Revised Simplex Method

...REVISED SIMPLEX METHOD We have implemented the simplex algorithm by using the Tableau to update the information we proceed along the various steps. For problems with only a few variables the simplex method is efficient. However, problems of practical interest often have several hundred variables. The tableau method is hopeless for problems containing more than a few variables. We are in fact calculating AB-1aj for all j as well as calculating all components of the relative cost coefficient r, albeit in an fairly automatic manner. However, we really need to know only one component rj of r, one row AB-1aj of the Tableau †(B), and the column constant AB-1b of the Tableau in order to pass to the next basic index set B. The goal of the revised simplex method is the ordering of all calculations so that no unnecessary calculations are performed. No new theory will be need. The simplex algorithm exactly as written in an earlier chapter will be implemented. The implementation will avoid all unnecessary calculations and will try whenever possible to update any available information. The Simpex Algorithm (Theoretical Foundation) 1. 2. Start with some basic index set B1 = {i(1), i(2), … ,i(m)}. Compute a coefficient of the relative cost coefficient rj = cj - cBAB-1aj for B1 until some index j with rj > 0 is found. (i).If all rj ≤ 0, termination phase has been reached. (ii).Only those j M N1 are candidates 3. Find AB-1aj = aj and AB-1b = b and compute the allowable ratios of the jth column...

Words: 3270 - Pages: 14

Premium Essay

Research Paper on Mobile Security

...A SAMPLE RESEARCH PAPER/THESIS/DISSERTATION ON ASPECTS OF ELEMENTARY LINEARY ALGEBRA by James Smith B.S., Southern Illinois University, 2010 A Research Paper/Thesis/Dissertation Submitted in Partial Fulfillment of the Requirements for the Master of Science Degree Department of Mathematics in the Graduate School Southern Illinois University Carbondale July, 2006 (Please replace Name and Year with your information and delete all instructions) Copyright by NAME, YEAR All Rights Reserved **(This page is optional)** RESEARCH PAPER/THESIS/DISSERTATION APPROVAL TITLE (in all caps) By (Author) A Thesis/Dissertation Submitted in Partial Fulfillment of the Requirements for the Degree of (Degree) in the field of (Major) Approved by: (Name of thesis/dissertation chair), Chair (Name of committee member 1) (Name of committee member 2) (Name of committee member 3) (Name of committee member 4) Graduate School Southern Illinois University Carbondale (Date of Approval) AN ABSTRACT OF THE DISSERTATION OF NAME OF STUDENT, for the Doctor of Philosophy degree in MAJOR FIELD, presented on DATE OF DEFENSE, at Southern Illinois University Carbondale. (Do not use abbreviations.) TITLE: A SAMPLE RESEARCH PAPER ON ASPECTS OF ELEMENTARY LINEAR ALGEBRA MAJOR PROFESSOR: Dr. J. Jones (Begin the abstract here, typewritten and double-spaced. A thesis abstract should consist of 350 words or less including the heading. A page and one-half is approximately 350 words.) iii DEDICATION (NO REQUIRED FOR...

Words: 3580 - Pages: 15

Free Essay

Questionnaire on Mobile Operator

...CHAPTER ONE 1.1 INTRODUCTION A casual look at the published empirical work in business and econometric will reveal that many economic relationships are of single –equation type. In such models, one variable (the dependent variable Y) is expressed as a linear function of one or more other variables (the explanatory variables, the X’s). An implicit assumption is that the cause and effect relationship, if any , between Y and X’s is unidirectional. The explanatory variables are the cause and the dependent variable is the effect . However, there are situations where there is a two- way or simultaneous relationships between Y and some of the X’s which makes the distinction between the dependent and the explanatory variables of dubious value. It is better to lump together a set of variables that can be determined simultaneously by the remaining set of variables- precisely what is done in simultaneous equation models. In such models, there is more than one equation - one for each of the mutually or jointly dependent or endogenous variables. And unlike the single equation models, in the simultaneous equation models, one may estimate the parameters of a single equation without taking into account information provided by the other equation in the system. In a simultaneous equation system, variables that appear only on the right – hand side of the equation are called exogenous or predetermined variables. They are truly independent or non-stochastic because they remain fixed. Variables...

Words: 10671 - Pages: 43

Free Essay

Mathematical Economics

...Lecture Notes on Mathematics for Economists Chien-Fu CHOU September 2006 Contents Lecture 1 Lecture 2 Lecture 3 Lecture 4 Lecture 5 Lecture 6 Lecture 7 Lecture 8 Lecture 9 Lecture 10 Static Economic Models and The Concept of Equilibrium Matrix Algebra Vector Space and Linear Transformation Determinant, Inverse Matrix, and Cramer’s rule Differential Calculus and Comparative Statics Comparative Statics – Economic applications Optimization Optimization–multivariate case Optimization with equality constraints and Nonlinear Programming General Equilibrium and Game Theory 1 5 10 16 25 36 44 61 74 89 1 1 Static Economic Models and The Concept of Equilibrium Here we use three elementary examples to illustrate the general structure of an economic model. 1.1 Partial market equilibrium model A partial market equilibrium model is constructed to explain the determination of the price of a certain commodity. The abstract form of the model is as follows. Qd = D(P ; a) Qd : Qs : P: a: Qs = S(P ; a) Qd = Qs , quantity demanded of the commodity quantity supplied to the market market price of the commodity a factor that affects demand and supply D(P ; a): demand function S(P ; a): supply function Equilibrium: A particular state that can be maintained. Equilibrium conditions: Balance of forces prevailing in the model. Substituting the demand and supply functions, we have D(P ; a) = S(P ; a). For a given a, we can solve this last equation to obtain the equilibrium...

Words: 33068 - Pages: 133

Free Essay

Culture

...Online Assignment #2 Due Thursday, February 12th by 11:59pm Directions: In this online assignment you will be discussing the process involved with creating and maintaining job descriptions. To complete this assignment, you will first need to read the scenario entitled “Maintaining Job Descriptions,” on pp. 195-196 of your textbook (Staffing Organizations, Henemen, Judge & Kammeyer-Mueller, 7th edition). After you have read the scenario, please answer the questions on this worksheet. Please double-space your answers, and use Times New Roman 12 point font. Please submit the assignment electronically on Blackboard using the Turnitin link provided in the Week 5 Online Content folder. ------------------------------------------------- Name: After reading the scenario entitled “Maintaining Job Descriptions,” on pp. 195-196 of your textbook, please answer the following questions: 1. Please explain why it is important for the InAndOut company to review and update their job descriptions. Be sure to use evidence from the scenario (on pp. 195-196) and rationale from the textbook to support your answer. This company is a perfect example of the challenge that a growing company has to face in terms of keeping updated or creating new job descriptions. It is important for InAndOut to keep its job descriptions updated because the company is growing and changing rapidly, information and technology is constantly being upgraded and new machinery is being used. In addition, new people...

Words: 776 - Pages: 4