Which analytical tool determines the relative attractiveness of various strategies based on the extent to which key external and internal critical success factors are capitalized upon or improved?
A) Boston Consulting Group (BCG) Matrix
B) Strategic Position and Action Evaluation (SPACE) Matrix
C) Strengths-Weaknesses-Opportunities-Threats (SWOT) Matrix
D) Internal-External (IE) Matrix
E) Quantitative Strategic Planning Matrix (QSPM)

Question

Quizplus · Accepted Answer

The Quantitative Strategic Planning Matrix (QSPM) is an analytical tool used to determine the relative attractiveness of various strategies by systematically evaluating their feasibility based on the extent to which they capitalize upon or improve key external opportunities and internal strengths, while also considering external threats and internal weaknesses.

Which Analytical Tool Determines the Relative Attractiveness of Various Strategies