List six drawbacks of using only subjective information in formulating strategies.
Answer to relevant QuestionsFor a firm that you know well, give an example SO Strategy, showing how an internal strength can be matched with an external opportunity to formulate strategy. Describe a situation where the SPACE analysis would have no vector. In other words, describe a situation where the SPACE analysis coordinate would be (0,0). What should an analyst do in this situation? Develop a 2x2x2x2x2 QSPM for an organization of your choice (i.e., two strengths, two weaknesses, two opportunities, two threats, and two strategies). Follow all the QSPM guidelines presented in the chapter. What do you think is the appropriate role of a board of directors in strategic management? Why? Rank Business Week’s “principles of good governance” from 1 to 14 (1 being most important and 14 least important) to reveal your assessment of these new rules.
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