Answer:
STAGE 1: INPUT STAGE
The input tools require strategists to quantify subjectivity during early stages of the strategy formulation process. Making small decisions in the input matrices regarding the relative importance of external and internal factors allow strategists to more effectively generate and evaluate alternative strategies. Good intuitive judgment is always needed in determining appropriate weights and ratings. Consist of 3 techniques which is EFE Matrix, IFE Matrix and CPM.
STAGE 2: MATCHING STAGE
Match between organization’s internal resources & skill and the opportunities & risk created by its external factors. It is consisting of 5 techniques that can be used in any sequence: the SWOT Matrix, The SPACE Matrix, the BCG Matrix, the IE Matrix and the Grand Strategy Matrix. These tools rely upon information derived from the input stage to match external opportunities and threats with internal strength and weaknesses. Matching external and internal critical success factors is the key to effectively generating feasible alternative strategies.
STAGE 3: DECISION STAGE
Analysis and intuition provide a basis for making strategy formulation decisions. The matching techniques reveal feasible alternative strategies. Many of these strategies will likely have been proposed by managers and employees participating in the strategy analysis and choice activity. Any additional strategies resulting from the matching analyses could be discussed and added to the list of feasible alternative options. Participant could rate these strategies on a 1 to 4 scale so that a prioritized list of the best strategies could be achieved.
Explanation:
Sana makatulong.
