The Quantitative Strategic Plan Matrix (QSPM) is a high-level strategic management approach for evaluating possible strategies
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The Quantitative Strategic Plan Matrix (QSPM) is a high-level strategic management approach for evaluating possible strategies. This Matrix provides an analytical method for comparing feasible alternative actions. Further, it helps the organization prioritize the strategies that they would like to pursue. List the organization’s internal and external key factors, which are from your IFE and EFE matrices. The two strategies described in Part 5 should be evaluated based on the IFE and EFE matrices, as this requires subjective decisions by the student. (((This is already completed and is attached))) Use the two strategies from Part 5 to analyze and determine the attractiveness score (AS). This defines how the factors influence the strategy and can give vital information for any organization when making high-level decisions between strategies. You will assign the weight for each of these key factors, which are identical from the IFE and EFE matrices. The internal factors must equal 1.00 and the external factors must equal 1.00. The range is determined on a Likert scale of 0 to 4: 0=not relevant, 1= least attractive, 2=possibly attractive, 3=reasonably attractive, 4=highly attractive. Then multiply the weight times the attractiveness score (AS) to obtain the total attractiveness score (TAS). Based on the two strategies, the score that is higher would be more attractive as a strategic alternative or critical factor for the organizational leaders to choose that strategy over the other. This also involves reflection and evaluation. Once you have determined your selected strategy (NEW TEACHER TRAINING ACADEMY), based on total attractiveness scores, write a narrative why you feel this selection (with high TAS) would be beneficial to your organization as well as other stakeholders, community, etc. However, explain why the second alternative (with low TAS) ((((RESEARCH AND DEVELOPMENT))))) could also be beneficial. Not all business models, surveys, spreadsheets, are 100% valid or reliable. Based on your expert opinion, describe which strategy is more important. This narrative should be supported with a minimum of 10 scholarly and current sources/references. You will write five full pages of narrative in addition to your illustration (QUALITATIVE STRATEGIC PLANNING MATRIX TABLES). PLEASE SEE THE ATTACHED DOCUMENT TITLE “STRATEGIES AND EVALUATION OF STRATEGIES.” IN THE DOCUMENT THERE IS AN INTRODUCTION, THE COMPLETED QUALITATIVE STRATEGIC PLANNING MATRIX TABLES, AND THE HEADINGS THAT MUST BE COMPLETED IN THE REQUIRED ASSIGNMENT.