Which Stage of the Strategy-Formulation Framework Includes an Internal-Factor Evaluation

question 93

Multiple Choice

Which stage of the strategy-formulation framework includes an Internal-Factor Evaluation Matrix and a Competitive Profile Matrix?

• A) Input
• B) Matching
• C) Decision
• D) Penetration
• E) Research

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Definitions:

Multidimensional

Multidimensional, often used in data analysis, refers to the inclusion of multiple aspects or dimensions when considering data, allowing for more complex and insightful analysis.

Tacit Knowledge

Refers to personal, context-specific knowledge that is difficult to formalize and communicate, often acquired through personal experience.

Explicit Knowledge

Information or knowledge that is easily articulated, codified, and transferred among individuals, often documented in manuals, databases, and procedures.

Business Dimension

An aspect or perspective through which business activities can be analyzed or measured, such as profitability, growth, or customer satisfaction.