Sample Strategic Plan: SPACE Matrix, Grand Strategy Matrix, QSPM

Understand What is Required

Task:

Go to the Strategy Club website and review the Sample Strategic Plan for Colgate-Palmolive (2019) under the student resources section. This sample strategic plan is an example of what your completed strategic case analysis should look like at the end of the course.

NOTE: Be sure that the Matrices are completed by the 5th day of the topic, so that you have time to complete your individual analysis of the Matrices.

Complete the following three parts

Part I - SPACE Matrix

Follow guidelines provided in Chapter 6 of the David text to learn how to create a SPACE Matrix.
Use your Strategic-Planning Template to develop a SPACE Matrix for your company. Review your company’s business, its most recent Form 10K and quarterly report, and review industry and competitive information pertaining to your company to assist you.

Part II – Grand Strategy Matrix

Follow guidelines provided in Chapter 6 of the David text to learn how to create a Grand Strategy Matrix. Specifically refer to Figure 6-13.
Use your Strategic-Planning Template to develop a Grand Strategy Matrix for your company.
Use the data you have compiled about your company throughout the course to assist you.
Specifically, rank the X axis from 1 (extremely weak competitive position) to 9 (extremely strong competitive position). Rank the Y axis from 1 (extremely slow market growth) to 9 (extremely rapid market growth).

Part III - Quantitative Strategic Planning Matrix (QSPM)

Follow guidelines provided in Chapter 6 of the David text to learn how to create a Quantitative Strategic Planning Matrix (QSPM). Specifically refer to Tables 6-4 and 6-5.
Use your Strategic-Planning Template to develop a Quantitative Strategic Planning Matrix for your company.
Use the data you have compiled about your company throughout the course to assist you.
Submit all parts of the assignment as one deliverable.

Be sure to cite three to five relevant and credible sources in support of your content. Use only sources found at the GCU Library, corporate websites, or those provided in Topic Materials.

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

While APA style is not required for the body of this assignment, solid academic writing is expected, and in-text citations and references should be presented using APA documentation guidelines, which can be found in the APA Style Guide, located in the Student Success Center.

analysis of the significance of these three matrices regarding their relevance for strategic planning. Describe the key information for each and how information from each will influence recommendations for strategy selection, planning, and implementation.

Without prematurely determining and formalizing strategic goals and objectives, begin thinking about possible strategies to capitalize and add value to the organization based on the analysis of this information.

Be sure to cite three to five relevant and credible sources in support of your content. Use only sources found at the GCU Library, corporate websites, or those provided in Topic Materials.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.