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Business Study Made Ease with the Grand Strategy Matrix Homework Help

Grand strategy has a huge role to play in business study and finds its utility in every firm. A student of business study often finds this subject difficult to understand due to the various comprising factors. Hence, they remain in constant need of the Grand Strategy Matrix homework help.

What is The Grand Strategy Matrix all about?

Grand strategy matrix helps in planning a business strategy. It can be applied in both small as well as large business firms. It functions as an alternative tool to formulate strategies. The subject contains different sets of strategies to help an industry in its growth. Grand strategy matrix involves two elements-

  • Market Growth– the demand for a particular product in the market.
  • Competitive position– the value of the product with a comparison to other products.

Each strategy plays an important role in the progress of an industry. They help to maintain a competitive edge and evaluate its growth in the market share. The strategies are mainly dependent upon four quadrants.

The four quadrants of The Grand Strategy Matrix-

QUADRANT 1- A company positioned in this quadrant has the highest market rate. At this position, the company should concentrate on the factors like-

  • Market Penetration
  • Product Development
  • Market Development
  • Backward Integration
  • Forward Integration

QUADRANT 2- Firms at this position have a good hold on market but are weak in competition. They need to improve their competency by-

  • Market Development
  • Product Development
  • Market Penetration
  • Horizontal Integration
  • Liquidation

QUADRANT 3- They participate in the slow-growth market and needs to strengthen their position. The strategic options they can implement are-

  • Concentric Diversification
  • Retrenchment
  • Horizontal Diversification
  • Liquidation
  • Divestiture

QUADRANT 4-These quadrant organizations have a strong hold on position, but they find it difficult to survive in a slow growth industry.

  • Horizontal Diversification
  • Concentric Diversification
  • Joint Ventures
  • Conglomerate Diversification

All these above-classified strategies have their own terminology and meanings that you may find challenging. If you face a struggle in completing your assignment, then it is time to take the help of an expert.

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