Which Matrix Is Included in the Decision Stage of the Strategy

question 7

Multiple Choice

Which matrix is included in the decision stage of the strategy formulation framework?

• A)Grand Strategy Matrix
• B)Internal Factor Evaluation Matrix
• C)BCG Business Portfolio Matrix
• D)SPACE Matrix
• E)Quantitative Strategic Planning Matrix

---

Definitions:

SOM

An abbreviation that can refer to various concepts, depending on the context; one example is "Self-Organizing Map," a type of artificial neural network.

SOM

The subset of the Serviceable Available Market that an organization can expect to reach, considering factors like competition and market readiness.

SAM

An abbreviation for Serviceable Available Market, which is the portion of the Total Available Market that can actually be reached by a company.

TAM

Total Addressable Market, which refers to the overall revenue opportunity available or potential market for a product or service.