Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Question
The Products and Service Offered are
- Electric Vehicles (EVs):
- Charging Infrastructure Solutions:
- Battery Swapping Services
- EV Maintenance and Repair Services:
- Customization and Personalization
Requirement:
1) Given the product or service which your business proposes to offer, assess and discuss the three
stages of the strategy-formulation framework, discussed in the course.
2) For each stage, include one (1) tool in your assessment.
Stage 1: Input Stage
Tools: CHOOSE ONE (1)
- Internal Factor Evaluation (IFE) matrix,
- External Factor Evaluation (EFE) Matrix,
- Competitive Profile Matrix (CPM)
Stage 2 :The Matching Stage
Tools: CHOOSE ONE (1)
- SWOT Matrix
- Strategic Position and Action Evaluation Matrix (SPACE matrix)
- BCG Matrix
- Internal-External Matrix
- Grand Strategy Matrix
Satge 3: The Decision Stage
Tool :
- Quantitative Strategic Planning Matrix (QSPM)
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