Decision stage
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Decision stage is stage 3 of the strategy formulation analytical framework that involves development of the Quantitative Strategic Planning Matrix (QSPM). A QSPM uses input information from Stage 1 to objectively evaluate feasible alternative strategies identified in Stage 2. a QSPM reveals the relative attractiveness of alternative strategies and thus provides objective basis for selecting specific strategies.
Definition
According to the Strategic Management by David and David (15th edition),
- Decision stage. Stage 3 of the strategy formulation analytical framework that involves development of the Quantitative Strategic Planning Matrix (QSPM). A QSPM uses input information from Stage 1 to objectively evaluate feasible alternative strategies identified in Stage 2. a QSPM reveals the relative attractiveness of alternative strategies and thus provides objective basis for selecting specific strategies.
