Strategic Position and Action Evaluation (SPACE) Analysis Evaluates Strategic Alternatives

question 28

Multiple Choice

Strategic position and action evaluation (SPACE) analysis evaluates strategic alternatives based on factors relating to four dimensions:

• A)Aggressive, competitive, conservative, and defensive.
• B)Numerical, qualitative, speculative, and geographical.
• C)Service category strength, environmental stability, relative competitive advantage, and financial strength.
• D)Elements of the external environment, internal strengths, competitive opportunities, and ability of the organization to attract venture capital.

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Definitions:

Technology

The application of scientific knowledge for practical purposes, especially in industry and the development of innovative devices, systems, or methods.

Resource Pooling

Using an outside vendor to pool cloud-based resources (servers, storage space, and more) with other companies.

Virtual Technology

Another name for virtualization, which is a process that allows multiple operating systems to be installed and share hardware resources.

Operating Systems

Software platforms that manage hardware resources and provide services for computer programs, acting as an intermediary between the user and the machine.