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INSTRUCTIONS!! PLEASE READ IN DETAIL CAUSE ITS 2 DIFFERENT PARTS.. ONE PART IN READ ORTHER PART IN PURPLE INCLUDING TABLE.
Part 6: Evaluation of the Strategies
Please note that all assignments have indicated page lengths and number of scholarly resources; however, this does not mean this is the total minimal amount. All students must make sure the entire content is covered at the doctoral level with the number of scholarly sources to validate and synthesize the content. In addition, to proceed from assignment to assignment while making progress, all students must be in good academic standing.
The Quantitative Strategic Plan Matrix (QSPM) is a high-level strategic management approach for evaluating possible strategies. This Matrix provides an analytical method for comparing feasible alternative actions. Further, it helps the organization prioritize the strategies that they would like to pursue. You are required to write a one-page narrative with scholarly sources regarding your thoughts and definition of conducting a quantitative strategic plan matrix.
List the organization’s internal and external key factors, which are from your IFE and EFE matrices. The two strategies described in Part 5 should be evaluated based on the IFE and EFE matrices, as this requires subjective decisions by the student.
Use the two strategies from Part 5 to analyze and determine the attractiveness score (AS). This defines how the factors influence the strategy and can give vital information for any organization when making high-level decisions between strategies. You will assign the weight for each of these key factors, which are identical from the IFE and EFE matrices. The internal factors must equal 1.00 and the external factors must equal 1.00. The range is determined on a Likert scale of 0 to 4: 0=not relevant, 1= least attractive, 2=possibly attractive, 3=reasonably attractive, 4=highly attractive. Then multiply the weight times the attractiveness score (AS) to obtain the total attractiveness score (TAS). Based on the two strategies, the score that is higher would be more attractive as a strategic alternative or critical factor for the organizational leaders to choose that strategy over the other. This also involves reflection and evaluation.
Once you have determined your selected strategy, based on total attractiveness scores, write a narrative why you feel this selection (with high TAS) would be beneficial to your organization as well as other stakeholders, community, etc. However, explain why the second alternative (with low TAS) could also be beneficial. Not all business models, surveys, spreadsheets, are 100% valid or reliable. Based on your expert opinion, describe which strategy is more important.
This narrative should be supported with a minimum of 10 scholarly and current sources/references. You will write five to seven full pages of narrative in addition to your illustration.