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Strategic position and action evaluation (SPACE) matrix
SPACE is a strategic management tool which focuses on formulation of strategies especially related to the competitive position of an organization. It helps to create an idea of appropriate business strategy for the organization by evaluating different variables and assigning them a score considering how important they are for the circumstances of the company. The SPACE matrix is based on the four essential elements called quadrants. Two of them are internal to the company and remaining is external. The intention of this matrix is to place the company in one of these four quadrants and propose according to the result about which type of strategy should be followed like conservative, aggressive, competitive or defensive.
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We use best scientific approach to solve human resource management Assignment as recommended and designed by best professors and experts in the World. The approach followed by our experts are given below:
Defining Problem
The first step in solving any human resource assignment is to define its problem carefully. In order to do this step, our experts read the case two three times so as to define problem carefully and accurately. This step acts as a base and help in building the structure in next steps.
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The second step is to define structure to write the assignment. Different assignments has different requirements and so as the structure. Our experts understand this and follow student;s university guidelines to come out with best structure so that student will receive best mark for the same.
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Four quadrants of SPACE matrix
1) Financial stability and industry strength
2) Financial stability and competitive advantage
3) Competitive advantage and environmental stability
4) Industry strength and environmental stability
Financial strength and competitive advantage are internal dimensions of the quadrant and environmental stability and industry strength are the external dimensions. Our writers at strategic position and action evaluation (SPACE) matrix assignment help will explain the above quadrants while writing your assignment.
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