MAN4720: strategic management

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broward college

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Select two alternative strategies from assignment 5 and complete the Quantitative Strategic Planning Matrix (QSPM) with ten (10) in each category. Please leverage your EFE and IFE work. State the recommended strategy for the implementation and the reason. Provide detailed recommendations/next steps for the implementation of the recommended strategy - total of five (5) steps. Provide one (1) risk of implementing your recommended strategy and the mitigation for it. Cite sources in the APA format. Please submit QSPM in excel. Suggestion: Keep in mind and try to compare strategies from this list and detail how the recommended strategies will enhance north Broward County short and long term: 1.High Technology Entrepreneurship 2.Fostering Social and Civic Responsibility by Organizations and Their People 3.Excessive Work and Its Business Consequences Short and Long Term 4.Global Strategic Mind-Set 5.Innovation as a Strategy in Network Markets 6.Mass Customization as a Strategy 7.Organizational Security as a Strategy 8.Collaborative Strategic Innovation: Web-Based Tools for Customer Involvement in New Product DevelopmentShort and Long Term 4.Global Strategic Mind-Set 5.Innovation as a Strategy in Network Markets 6.Mass Customization as a Strategy 7.Organizational Security as a Strategy 8.Collaborative Strategic Innovation: Web-Based Tools for Customer Involvement in New Product Development 9.Flexible Labor as a Strategy 10.Employee Wellness Programs as a Strategy 11.Career Management and Future Jobs 12.Aging and Work Motivation as a Strategic Action 13.Family-Friendly Organizations and Strategies 14.Remote Leadership Strategies 15. PA = Robotic Process Automation / AE = Artificial Intelligence 16.Healthy Living 17. M&A 18. Specific product or service development 19. Specific product or service innovation 20. Specific geographical market penetration
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QSPM (QUANTITATIVE STRATEGIC PLANNI

ALTERNATIVE 1: GLOBAL STR
weight

Key Factors
STRENGTHS
high innovation, financial stability, and sustainable housing
0,09
global leadership skills
0,1
exposure to first-world technology
0,22
economic diversification
0,13
universal health system
0,11
WEAKNESSES
limited labour supply
0,05
low efficiency in manufacturing
0,11
low per capita income within the Broward county
0,08
poor wealth distribution in Broward
0,06
diplomacy
0,05
TOTAL WEIGHTS
1
OPPORTUNITIES
encouraging renewable sources of energy
0,14
potential world-class intermodal infrastructure, quality services, and public safety0,12
advancement in the education system and integration
0,05
internet service coverage
0,15
skilled labor-set and employee training
0,1
THREATS
covid-19 outbreak
0,04
high competition from other counties
0,13
US Dollar exchange rates
0,06
US and Broward security status
0,1
high inflation rate
0,11
TOTAL
1
TOTAL ATTRACTIVENESS SCORE

ATEGIC PLANNING MATRIX
A...


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