Question
Your consulting team developed a SPACE Matrix for a company that produce adventure video cameras (similar to GoPro), but also produce other electronic items. The
Your consulting team developed a SPACE Matrix for a company that produce adventure video cameras (similar to GoPro), but also produce other electronic items. The coordinates for the SPACE Matrix is x= -1.0 and y= -.50. The company sales for these type of cameras are declining, material costs are rising, but consumer demand for similar adventure camera products are stable within the industry. Provide a detailed strategic direction that the company can take based on the selected quadrant and the t and the specific strategy(ies) you believe is best to pursue. Your response should include your rationale and use realistic examples based on current market and economic conditions. Also, you must explain how the company can implement the strategy.
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