The match an organization makes between its internal resources and skills and the opportunities and risks created by its external factors can be defined as?

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11-08-2022
Business

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The match an organization makes between its internal resources and skills and the opportunities and risks created by its external factors can be defined as?

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smecloudbird17 smecloudbird17 · Answer 1 · 2022-08-20T13:43:52+02:00

Strategy is sometimes defined as the match an organization makes between its internal resources and skills and the opportunities and risks created by its external factors.

Matching stage is the key to effectively generating feasible alternative strategies. In most situations, external and internal relationships are more complex, and matching requires multiple alingments for each strategy generated.

Matching stage consists of five techniques:

*SWOT Matrix

*SPACE Matrix

*BCG Matrix

*IE Matrix

*Grand Strategy Matrix

These techniques translate these factors affecting the business operations into prospective opportunities and threats in the industry and the strengths and weaknesses that the business holds within.

To learn more about Matching stage here

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