Stage 1: The Input Stage Stage 2: The Matching Stage Stage 3: The Decision Stage Copyright 2007 Prentice Hall Ch 6 -8 Comprehensive Strategy-Formulation Framework Copyright 2007 Prentice Hall Competitive Profile Matrix (CPM) Ch 6 -10 Stage 1: The Input Stage ?Basic input information for the matching & decision stage matrices ?Requires strategists to quantify subjectivity early in the process ?Good intuitive judgment always needed Copyright 2007 Prentice Hall Ch 6 -11 Strategy-Formulation Analytical Framework SWOT Matrix Stage 2: The Matching Stage SPACE Matrix BCG Matrix IE Matrix Grand Strategy Matrix Chapter 6 Strategy Analysis & Choice Strategic Management: Concepts & Cases 11th Edition Fred David Copyright 2007 Prentice Hall Ch 6 -1 Chapter Outline The Nature of Strategy & Choice ? Providing a basis for generating and evaluating feasible alternative strategies Copyright 2007 Prentice Hall Ch 6 -6 Strategy Analysis & Choice Generating Alternatives -- Copyright 2007 Prentice Hall Ch 6 -12 Stage 2: The Matching Stage ?Match between organization's internal resources & skills and the opportunities & risks created by its external factors A Comprehensive Strategy-Formulation Framework The Input Stage Copyright 2007 Prentice Hall Ch 6 -2 Chapter Outline ( ) cont'd The Matching Stage The Decision Stage ? All techniques included in the strategyformulation framework require the integration of intuition and analysis ? Strategists themselves , not analytic tools, are always responsible and accountable for strategic decisions. Copyright 2007 Prentice Hall Ch 6 -5 Strategy Analysis & Choice Alternative Strategies Derive From -- ? Vision ? Mission ? Objectives ? External audit ? Internal audit ? Past successful strategies Copyright 2007 Prentice Hall Ch 6 -9 Strategy-Formulation Analytical Framework Internal Factor Evaluation Matrix (IFE) Stage 1: The Input Stage External Factor Evaluation 源自文库atrix (EFE) Participation in generating alternative strategies should be as broad as possible Copyright 2007 Prentice Hall Ch 6 -7 Comprehensive Strategy-Formulation Framework Copyright 2007 Prentice Hall Ch 6 -13 Stage 2: The Matching Stage SWOT Matrix ?Strengths ?Weaknesses ?Opportunities ?Threats Cultural Aspects of Strategy Choice Copyright 2007 Prentice Hall Ch 6 -3 Chapter Outline ( ) cont'd The Politics of Strategy Choice Copyright 2007 Prentice Hall Ch 6 -4 Strategy Analysis & Choice Nature of Strategy Analysis & Choice -- Establishing long-term objectives -- Generating alternative strategies -- Selecting strategies to pursue -- Best alternative - achieve mission & objectives