· Strategic Position and Action Evaluation (SPACE) Matrix

· Strategic Position and Action Evaluation (SPACE) Matrix.

Based on your professional needs and workplace dynamics, describe the following tools/technique
· SWOT Analysis
· Strategic Position and Action Evaluation (SPACE) Matrix
· McKinsey 7s framework
(Q1) Describe the tool/technique and its key components (cite a source).
(Q2) Using detailed and tangible examples, explain how you can benefit from the tool/technique in your workplace (applications). In other words, justify your selection.
(Q3) List the tool’s deficiencies with respect to the context in which you will employ it and offer corresponding solutions to ensure effectiveness and ideal outcomes.
References ( you can use any references)
Christoph Markmann, Inga-Lena Darkow, Heiko von der Gracht (2013). A Delphi-based risk analysis
The Basics of FMEA, Second Edition Mikulak, R. J., McDermott, R., Beauregard, M., & Mikulak, R. J. (2008). The Basics of FMEA, 2nd Edition
MLQ. (2013). Combining the Art of Leadership with the Science of Management. Political Savvy – Applied OPMT. https://myleadershipquest.wordpress.com/2013/01/16/political-savvy-applied-opmt/
MT. (2020). McKinsey 7-S Framework. Making Every Part of Your Organization Work in Harmony. https://www.mindtools.com/pages/article/newSTR_91.htm

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