Which of the Following Is the First Step in Developing

question 52

Multiple Choice

Which of the following is the first step in developing a QSPM?

• A) Compute the Total Attractiveness Scores.
• B) Examine the Stage 2 matrices and identify alternative strategies the organization should consider implementing.
• C) Assign weights to each key external and internal factor.
• D) Determine the Attractiveness Scores.
• E) Make a list of the firm's key external opportunities and threats and internal strengths and weaknesses in the left column of the QSPM.

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Definitions:

Utility Analysis

An economic methodology assessing the usefulness or satisfaction gained by consumers from consuming a product or service.

Stability Strategy

This is a business approach where an organization focuses on maintaining its current status and steady growth without significant changes or expansion attempts.

Terminations

The act of ending the employment of an employee or the conclusion of an employment contract for various reasons, such as performance issues or downsizing.

Human Resource Manager

A professional responsible for overseeing the recruitment, training, and welfare of an organization's employees.