Strategic Position and Action Evaluation (SPACE)
The SPACE matrix determines whether you should use an aggressive, conservative, defensive, or competitive approach for your business strategy. As you learned about in Unit 2, internal and external organizational analysis is necessary to use this tool. As you read through this section, think about the advantages and disadvantages of each. The SPACE matrix is yet another tool to help you determine your potential strategy. After you read this content, you will be able to identify the internal and external strategic positions to consider when using this tool.
Abstract
SPACE (Strategic Position and Action Evaluation) matrix is a useful strategic management tool, and is used in this study to provide strategic insights for the pineapple manufacturers and traders in Chiang Rai. In the SPACE framework, competitive advantage and financial stability are the two important determinants for firms to position and formulate competitive strategies, and are shown to be positively related to operations resources determined by job resources, job demand, and motivational incentives. These factors provide the base to influence the perceived behavioral control of the employees, leading to the buildup of psychological thrust to commit to execute jobs to expectation. Numerous aspects of theoretical contributions, in the aspect of RBV (Resource-based Viewof competition), and linking employee-level contributions to competitive advantages and strategic postures, are thus made possible.
Keywords: Competitive advantage; JD-R, organizational performance; RBV; SPACE matrix.
Source: Nang Herk Leng Pyo, https://so03.tci-thaijo.org/index.php/ijmmt/article/view/247747/172162
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