Strategic Position and Action Evaluation Matrix
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Strategic Position and Action Evaluation Matrix (SPACE Matrix) is indicates whether aggressive, conservative, defensive, or competitive strategies are most appropriate for a given organization. the axes of this matrix represent two internal dimensions (financial position [FP] and competitive position [CP] ) and two external dimensions (stability position [SP] and industry position [IP]). These four factors are perhaps the most important determinants of an organization's overall strategic position.
Definition
According to the Strategic Management by David and David (15th edition),
- Strategic Position and Action Evaluation Matrix (SPACE Matrix). Indicates whether aggressive, conservative, defensive, or competitive strategies are most appropriate for a given organization. the axes of this matrix represent two internal dimensions (financial position [FP] and competitive position [CP] ) and two external dimensions (stability position [SP] and industry position [IP]). These four factors are perhaps the most important determinants of an organization's overall strategic position.
