Complete QSPM for your case study company (Lowe’s).

Complete QSPM for your case study company (Lowe’s). Refer to the posted QSPM sample for Redbox (sample attached).

NOTE 1: A QSPM is essential to select the most attractive of the formulated strategies for subsequent implementation. Why do we do this selection? Because no company has the resources to implement everything.

You start by gathering the large number of strategy statements you formulated during your work done on the SWOT matrix, SPACE matrix, BCG matrix. Let’s say you have 26 strategy statements generated from your SWOT matrix (20), SPACE matrix (3), and BCG matrix (3). You then separate those 26 strategies into various groups of related/similar strategies. For example, we create 7 groups: 6 groups of 4 strategies each and one last group of 2 strategies. Then, we build 7 QSPMs (one for each group). Since each completed QSPM will indicate the most attractive strategy, we will end up with 7 most attractive strategies (the top scoring from each QSPM). Then, the CEO and planning team review those 7 candidate strategies (using intuition and experience and considering the resources available and preferences) and select the one, two, or three strategies that they will commit to implement.

NOTE 2: You need to complete at least one QSPM sheet for this assignment. However, do not make the mistake of including in your final case study report only one QSPM with 3 strategies by following the sample included in the book. Just follow the NOTE 1 above and build as many QSPMs as necessary to select the most attractive strategy/strategies for implementation and include your decisions, discussion, and recommendations in your team case study final report for full credit. To understand this Note 2, look at the posted “Sample of QSPM Section from an Exemplary Student Team’s Final Case Study Report.docx”