In: Finance
Quantitative Strategic Planning Matrix (QSPM) for Monsanto Company
a. Enables you to objectively choose the best strategy from different alternatives using weighted averages;
b. Enables you to compare alternatives based on key success factors (e.g., Economy, Technology, Political/Legal/Governmental factors);
c. Enables you to select a strategy based on key internal/external factors & how you can leverage these factors to develop & sustain a competitive advantage.
Answer:
Quantitative Strategic Planning Matrix (QSPM): Quantitative strategic planning matrix (QSPM) is a technique or approach of selecting best strategic among alternative strategies by comparing various success factors. Its an approach of analyzing and deciding the best strategy suitable to achieve the goal of an organization.In other words finding out the most beneficial strategy among variety of strategies considering Key internal and external factor.
Ans B is correct - As Quantitative Strategic Planning Matrix (QSPM) enables you to compare and select a best strategy based on key success factors. Key internal and external factors are (Economy, Technology, Political/Legal/Governmental factors).
Ans A is incorrect - QSPM does not use weighted averages for chosing best strategy from different alternatives , actually It analyzes the weight for key internal and external foactors to chose the best strategy.
Ans C is incorrect - Quantitative Strategic Planning Matrix (QSPM) does not leverages the internal/external factor to develop and sustain a competitive advantage.It compares and analyzes the internal and external factors to find out the best suitable strategy to achieve the goals of an organization.