QSPM Matrix Flashcards
Objectively indicates which alternative strategies are best. Uses input from Stage 1 analyses and matching results from stages 2 analyses to decides objectively among alternative strategies.
Quantitative Strategic Planning Matrix (QSPM)
Determined by examining each key external or internal factor one at a time and asking the question “ Does this factor affect the choice of strategies being made?”
Attractiveness Scores(AS)
The product of multiplying the weights by the attractiveness scores in each row.
Total Attractiveness Scores(TAS)
Reveals which strategy is most attractive in each set of alternatives.
Sum Total Attractiveness Scores(STAT)
Set of shared values, beliefs, attitudes, customs, norms, personalities, heroes, and heroins that describe a firm.
Culture
Group of individuals who are elected by the ownership of a corporation to have oversight and guidance over management and who look out for shareholders’ interest.
Board of Directors
Act of oversight and direction.
Governance
It is often possible to achieve similar results using different means or paths, and generate new alternatives that give equal results but with far greater potential for gaining commitment.
Equifinality
Achieving satisfactory results with an acceptable strategy is far better than failing to achieve optimal results with an unpopular strategy.
Satisfying
Shifting focus from specific issues to more general ones may increase strategists’ options for gaining organizational commitment.
Generalization
By raising an issue to a higher level, many short term interests can be postponed in favor of long-term interests.
Focus on Higher-Order Issues
Strategy and Policy decisions with significant negative consequences for middle managers will motivate intervention behavior from them.
Provide Political Access on Important Issues
