Grand strategy matrix

Junior (College 3rd year) ・Management ・MLA

The Grand Strategy Matrix

The grand strategy matrix aids the company in looking for alternate approaches to decision-making and spotting untapped opportunities. Two of the model's four quadrants show rapid growth while the other two show moderate growth. Two of the quadrants depict a corporation in a weakly competitive market, whereas the other two depict a market with intense competition. Each business must be assigned to one of the quadrants.

Identifying Weaknesses through SWOT Analyses

The incapacity of a business to satisfy market demands is one of its weaknesses. A company can identify its weaknesses and trace the source of the weakness during SWOT analyses. These weaknesses could be either financial, branding, product quality, or inadequate production.

Office Depot in Quadrant 4

Office Depot falls in Quadrant 4. The company has already had strategies to remain in the market. It closed down many of its offices because it had debt issues that have affected its liquidity position as it seeks to pay off debts. It has even initiated a move to merge with its competitor known as Staples. The merger has already been able to attract investors since the financial position is predicted to be reinstated in the near future.

Restatement Strategies for Office Depot

The company is well diversified and having sought most of the required strategies, the company's performance is bound to raise over time. However, the other strategies that could be considered as the company restatement include focusing on producing goods and services that are in high demand and minimizing all production and marketing costs to ensure higher profit margins. It also comprises dropping production of all the non-profitable products and attracting economies of scale in both productions and selling.

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