BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Stage 2, called the matching stage, focuses on generating feasible alternative strategies by aligning key external and internal factors. Stage 2 techniques include; -The Strengths-Weaknesses-Opportunities-Threats (SWOT) Matrix.-The Strategic Position and Action.-Evaluation (SPACE) Matrix.

Detailed explanation-2: -7.2 The Strategy-Formulation Analytical Framework Called the Input Stage, Stage 1 summarizes the basic input information needed to formulate strategies. Stage 2, called the Matching Stage, focuses on generating feasible alternative strategies by aligning key external and internal factors.

Detailed explanation-3: -The matching stage of the strategy-formulation framework consists of five techniques that can be used in any sequence: the SWOT Matrix, the SPACE Matrix, the BCG Matrix, the IE Matrix, Grand Strategy Matrix, and the Balance Scoreboard.

Detailed explanation-4: -The four phases of strategic management are formulation, implementation, evaluation and modification.

Detailed explanation-5: -Stage 1 of the strategy-formulation analytical framework consists of the External Factor Evaluation (EFE) Matrix, the Internal Factor Evaluation (IFE) Matrix, and the Competitive Profile Matrix (CPM).