$3$e

Objective: Explain how the SWOT, BCG$,$ and SPACE matrices can be used to develop an organization$$s strategy.

Mindset: Appreciate the tools available to assist organizations in developing strategy.

Instructions

Three major tools have been developed to assist in the strategic management process. These include the SWOT Matrix, the BCG Matrix, and the SPACE Matrix. These tools help in choosing and developing an appropriate strategy for an organization or a division of an organization, thereby guiding the manager to make the right choice of strategy.

Chapter $6$ of your David & David textbook.

Help with:

$1.2-3$ page explaining what the SWOT, BCG$,$ and SPACE matrices are

$2.$ How they can be used in the matching stage of the strategy formulation process to develop an organization$$s overall business strategy.

$3.$ Utilize organizations of your choice to demonstrate the uses of these matrices.

Ensure the following points are addressed.

o SWOT Matrix and its use.

o BCG Matrix and its use.

o Space Matrix and its use.