Question
Could someone please provide me with assistance on a reply to my classmate discussion post Learning Activity #2 Select one of the strategy formulation analytic
Could someone please provide me with assistance on a reply to my classmate discussion post
Learning Activity #2
Select one of the strategy formulation analytic tools and complete based on the information gathered in the Week 3 Learning Activities; the tools to select from are:
Space Matrix
Boston Consulting Group (BCG) Matrix
IE Matrix
Once you have completed the tool discuss the outcome in terms of what strategic direction the selected company should take and why. As always, offer supporting rationale for your explanation and be sure to reference your statement using proper APA formatting.
Here is my classmate answer to the discussion post:
Learning Activity 2:
IE Matrix
Strong | Average | Weak | |
I | II | III | High |
IV | V | VI | Medium |
VII | VIII | IX | Low |
EFE Score: 2.95
IFE Score: 2.5
In terms of what this particular matrix tells us is that Nike should hold and maintain its position. Nike should continue to invest heavily into its research and development as well as keeping its focus on increasing market penetration. According this matrix Nike should also continue with its aggressive cost management. Nike should follow the results of this matrix as well as the results of a BCG matrix in order know their current state of expectations as well as the expectations of the future(Max-Pedia,para. 10).
Max-Pedia. n.d. Internal-External (IE) Matrix. Retrieved from http://www.maxi-pedia.com/internal+external+ie+matrix.
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