This document provides guidance on using a TOWS matrix to formulate alternative corporate strategies. It begins with an overview of alternative courses of action and the strategic factor evaluation used to guide their formulation. It then explains that a TOWS analysis focuses on understanding external opportunities and threats first, unlike a SWOT analysis. The document outlines a step-by-step process for creating a TOWS matrix, including doing a SWOT analysis, translating findings, linking strategies, and evaluating options. It emphasizes generating defensive, offensive, and cooperative strategies through matching internal and external factors.
This document provides guidance on using a TOWS matrix to formulate alternative corporate strategies. It begins with an overview of alternative courses of action and the strategic factor evaluation used to guide their formulation. It then explains that a TOWS analysis focuses on understanding external opportunities and threats first, unlike a SWOT analysis. The document outlines a step-by-step process for creating a TOWS matrix, including doing a SWOT analysis, translating findings, linking strategies, and evaluating options. It emphasizes generating defensive, offensive, and cooperative strategies through matching internal and external factors.
This document provides guidance on using a TOWS matrix to formulate alternative corporate strategies. It begins with an overview of alternative courses of action and the strategic factor evaluation used to guide their formulation. It then explains that a TOWS analysis focuses on understanding external opportunities and threats first, unlike a SWOT analysis. The document outlines a step-by-step process for creating a TOWS matrix, including doing a SWOT analysis, translating findings, linking strategies, and evaluating options. It emphasizes generating defensive, offensive, and cooperative strategies through matching internal and external factors.
Action ALTERNATIVE COURSES OF ACTION ALTERNATIVE COURSES OF ACTION • Potential solutions to the major problem • Able to stand alone as possible solution • Aligned with the firm's vision, mission, goals, and objectives • Formulated as a 'CORPORATE STRATEGY'; not a functional strategy • Suggest at least 3 ACA FORMULATION OF THE APPROPRIATE ACA SHOULD BE GUIDED BY SFE: Strategic Factor Evaluation THE SFE DERIVATION OF ACA TOWS ANALYSIS While similar to SWOT, the key difference lies on the emphasis of both frameworks. SWOT focuses on the internal strengths and weaknesses) while TOWS forces you to look at your external environment first (threats and opportunities).
This allows you to gain a better understanding of the
strategic choices you have. It helps you ask and answer the following: • How can we make the most of our strengths? • How do we circumvent our weaknesses? • How can we capitalize on external opportunities? • How should we best manage threast? MATCHING OF TOWS KEY INTERNAL MATRI AND EXTERNAL X FACTORS TOWS • MATCHING OF KEY INTERNAL AND EXTERNAL FACTORS MATRI • OPEN-ENDED FORMULATION STRATEGY
X TOWS MATRI X • ALTERNATIV E OVERVIEW MAKING A TOWS MATRIX
The following slides provides a step-by-step
guide on using a TOWS matrix. STEP 1: DO A SWOT Helps you to ANALYSIS Helps identify the understand your S/W opportunities and threats relevant to the firm. STEP 2: TRANSLATE FINDINGS USING TOWS Rearrange and copy the "key" conclusions from your SWOT analysis. STEP 3: LINK AND ASSESS YOUR STRATEGIES For each combination , consider how they can be transformed into a strategy. For each combination , consider how they can be transformed into a strategy. STEP 3: LINK & ASSESS List in the appropriate quadrant of the TOWS matrix after. YOUR STRATEGIE STEP 4: EVALUATE STRATEGIES Evaluate the options you've generated, and identify the ones that will have the greatest benefit,.
These should also best
achieve the mission and vision of your organization. TOWS MATRIX IFE KSF EFE KSF REMINDERS DO NOT PRESENT IN DETAIL
1) The WT quadrant - 2) When you have many factors to consider, constructing a
weaknesses and threats - is matrix to match individual strengths and weaknesses to the concerned with defensive individual opportunities and threats you've identified will strategies. These should protect help you identify the options with the greatest promise. See yourself from loss, however, do sample below: not rely on these to create success. PREPARE PROFORMA TABLE THANK YOU