SPACE Analysis or the SPACE Matrix with an example - Simplest Explanation Ever

SPACE Analysis or the SPACE Matrix explained with an example - The Simplest Explanation Ever
It is important to understand internal and external aspects that help us understand where we are as a business. It is then important to understand the strategic direction that we head towards to get better results. The SPACE analysis or SPACE Matrix is a renowned model that helps us understand the strategic decisions that need to be made to get better results and grow.
Space analysis calculation template:
docs.google.com/spreadsheets/...
Tutorial on SWOT analysis:
• SWOT Analysis - Explan...
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Пікірлер: 83

  • @MisterSimplify
    @MisterSimplify Жыл бұрын

    Hello all! For all my friends who want to use the spreadsheet in the description, please note that you don't need to request for access to edit the sheet. You can simply go to the link, click on File > Download > Excel to download your copy and use it as you please. I won't be able to grant you edit access directly to this online sheet. Just download it, and use it as you please! 😊

  • @ogunkoyakehinde4430
    @ogunkoyakehinde44302 жыл бұрын

    This is crazily helpful... I had not idea what space analysis is before... But coming in contact with your content, I am fully boxed up. Thank you sir.

  • @MisterSimplify

    @MisterSimplify

    2 жыл бұрын

    You are very welcome, my friend! This is the very purpose of this channel. I am pleased that I have been able to teach you something new. Please keep supporting. Also pls feel free to check out the whole list of topics. I am sure there's more to learn. ☺

  • @nursurinabahrin7930
    @nursurinabahrin79303 жыл бұрын

    Very useful! Thank you so much

  • @lamia4793
    @lamia47932 жыл бұрын

    This is hands down the best explanation of the SPACE matrix

  • @MisterSimplify

    @MisterSimplify

    2 жыл бұрын

    Thank you for appreciating, Lamia! 😊

  • @veronicarosario5980
    @veronicarosario59802 жыл бұрын

    Thank you good sir! You’ve helped me more than my master’s professor

  • @MisterSimplify

    @MisterSimplify

    2 жыл бұрын

    You're most welcome Veronica. I am glad I could help! ☺☺

  • @amazighdocumentary7625
    @amazighdocumentary76253 жыл бұрын

    thank u man ... that helped me a lot

  • @kko9329
    @kko93293 жыл бұрын

    Thank You!!

  • @Abhishekpandey-hs3fy
    @Abhishekpandey-hs3fy3 жыл бұрын

    I Don't know why this video has only 5 likes 💔 The video is too good and clear to understand Thank you for this 🙏💕

  • @MisterSimplify

    @MisterSimplify

    3 жыл бұрын

    Thank you for your support buddy. Please share and spread the word.

  • @RK-iw7zi
    @RK-iw7zi3 жыл бұрын

    You Made it very easy

  • @hamednariman7312
    @hamednariman73122 жыл бұрын

    You're so much better than my professor thank u!

  • @MisterSimplify

    @MisterSimplify

    2 жыл бұрын

    You're most welcome Hamed. Pls keep supporting! 🙂

  • @nursheila8537
    @nursheila85373 жыл бұрын

    thanks sir!! 🥰

  • @rofaidafawzy7838
    @rofaidafawzy78382 жыл бұрын

    Thank you so much for this explanation it was really useful

  • @MisterSimplify

    @MisterSimplify

    2 жыл бұрын

    You're most welcome Rofaida. Pls support the channel by liking, sharing and subscribing! ☺

  • @hasriev
    @hasriev Жыл бұрын

    This lecture is soooo good.. thank you very much.

  • @MisterSimplify

    @MisterSimplify

    Жыл бұрын

    You're welcome buddy! 👍🙂

  • @sunnyrai9191
    @sunnyrai91913 жыл бұрын

    Thankyou,so much sir

  • @melvinvidalrodriguezdelacr7697
    @melvinvidalrodriguezdelacr7697 Жыл бұрын

    This video has made me improve my knowledge about the topic

  • @MisterSimplify

    @MisterSimplify

    Жыл бұрын

    That's great! Glad it was helpful! 😊👍

  • @ahmedelzairy1376
    @ahmedelzairy13763 жыл бұрын

    Amazing video thanks for such excellent explanation

  • @MisterSimplify

    @MisterSimplify

    3 жыл бұрын

    :)

  • @S_e_e_m_a
    @S_e_e_m_a10 ай бұрын

    Thank you So Much for Making easy to understand 😊

  • @MisterSimplify

    @MisterSimplify

    10 ай бұрын

    You're most welcome Seema. All the best to you! 👍😊

  • @nolondala4117
    @nolondala41172 жыл бұрын

    Now this help me pass my assignment Thank you so much

  • @MisterSimplify

    @MisterSimplify

    2 жыл бұрын

    That's great Nolo! Glad I could help! ☺

  • @abenigu2243
    @abenigu22433 жыл бұрын

    Thank you sir

  • @saminatiwari241
    @saminatiwari241Ай бұрын

    Thank you so much sir🙏

  • @MisterSimplify

    @MisterSimplify

    Ай бұрын

    You're welcome Samina! 🙂

  • @BipulKarim
    @BipulKarim2 ай бұрын

    Thanks Mr. Simplify. You make any COMPLEX THEORY so SIMPLE to mention. 💖💖💖🇮🇳🇮🇳🇮🇳

  • @MisterSimplify

    @MisterSimplify

    29 күн бұрын

    It's my pleasure! Glad to help! 😊

  • @solrebls7715
    @solrebls77152 жыл бұрын

    good thank you

  • @camerongreaves6276
    @camerongreaves6276 Жыл бұрын

    very helpful ,thank you

  • @MisterSimplify

    @MisterSimplify

    Жыл бұрын

    You're most welcome Cameron! 😊

  • @MahirParekh
    @MahirParekh3 жыл бұрын

    Thank you very much.

  • @MisterSimplify

    @MisterSimplify

    3 жыл бұрын

    You are very welcome, my friend! :)

  • @user-wq6kl1sl7d
    @user-wq6kl1sl7d3 жыл бұрын

    Thanks that was helpful 🥰 Thanks from Egypt ❤️

  • @MisterSimplify

    @MisterSimplify

    3 жыл бұрын

    You're most welcome, my dear friend! :)

  • @user-wq6kl1sl7d

    @user-wq6kl1sl7d

    3 жыл бұрын

    @@MisterSimplify thank you sir that's so nice form you 🌸🌿

  • @dustinekier
    @dustinekier Жыл бұрын

    THANK YOU!!!!!!!!!!

  • @MisterSimplify

    @MisterSimplify

    Жыл бұрын

    You're welcome! 🙂👍

  • @danadanielleuganiza7425
    @danadanielleuganiza74253 жыл бұрын

    Thank you for this, Sir! This is really helpful.

  • @MisterSimplify

    @MisterSimplify

    3 жыл бұрын

    You are very welcome! :)

  • @HienNguyen-mg9sp
    @HienNguyen-mg9sp2 жыл бұрын

    Thank you so muchhhh 😢

  • @MisterSimplify

    @MisterSimplify

    2 жыл бұрын

    You're most welcome! Let me know if there are other topics you want covered. Requests are always invaluable. 😊

  • @user-ut9kq8gz4s
    @user-ut9kq8gz4s7 ай бұрын

    i have my exams tomorrow and you literally saved me, thank you so much

  • @MisterSimplify

    @MisterSimplify

    7 ай бұрын

    Oh great! I hope you did well in your exams! 🙂

  • @mohsenalizad1958
    @mohsenalizad19583 жыл бұрын

    ty ty ty so much

  • @MisterSimplify

    @MisterSimplify

    3 жыл бұрын

    :)

  • @himavanthbojanki5332
    @himavanthbojanki5332 Жыл бұрын

    Tq so much❤🕶 myaan

  • @MisterSimplify

    @MisterSimplify

    Жыл бұрын

    You're welcome!! 😊

  • @abdullahgok1297
    @abdullahgok12972 жыл бұрын

    Hello sir, this is so usefull thank you realy much but, for When reviewing a brand, rating it from -6 to 6, are we going to score it predictably?

  • @MisterSimplify

    @MisterSimplify

    2 жыл бұрын

    Hi Abdullah. You're most welcome. Yes that's correct. To ensure that scores are as accurate as possible, we can consult top management, analysts and industry experts.

  • @raheimstewart5068
    @raheimstewart50688 ай бұрын

    How did you get the dots to make the quadrilateral?

  • @MisterSimplify

    @MisterSimplify

    8 ай бұрын

    Hello! The scores on the axes are usually provided by the company management, by analysts or by industry experts. These are people who are experienced in the industry. Once we mark those values on the axes, the quadrilateral is drawn on the points.

  • @ohshahz3433
    @ohshahz3433 Жыл бұрын

    Mister Simplify. I still don't get on part 6:36 where the 'AXIS VALUE' is 0.425 and 0.6... I tried to subtract from the 'AVERAGE' it get me to different answers. Do you mind explaining? I'm not good in English. Sorry.

  • @MisterSimplify

    @MisterSimplify

    Жыл бұрын

    Hi buddy. Just think of it as average = (x+y)/2. And since y is negative, it becomes (x-y)/2. And hence 3.6-2.75/2 = 0.425. Hope this helps! 🙂

  • @izzatiwong0108
    @izzatiwong01083 жыл бұрын

    Hi Sir, I'm a bit confused. How do we get the score for the sub factors?

  • @MisterSimplify

    @MisterSimplify

    3 жыл бұрын

    Hi Izzati. The actual scores can be provided by the company management, by analysts or by industry experts. These are people who are experienced in the industry.

  • @veronikabakasvili2956

    @veronikabakasvili2956

    2 жыл бұрын

    Hi sir, in an exercise will the teacher give me the scores for the sub factors?

  • @tshisevheipfindaa3016
    @tshisevheipfindaa30169 ай бұрын

    Question: Do we assign the score based on the actual company’s rating ?

  • @MisterSimplify

    @MisterSimplify

    9 ай бұрын

    Hello! Yes indeed. One would normally consult top management, analysts and industry experts to get the scores.

  • @paradisegard1
    @paradisegard13 жыл бұрын

    thanks for this explanation but how can i do axes average

  • @MisterSimplify

    @MisterSimplify

    3 жыл бұрын

    Hi Mahmoud. The X axis has IA and CA, and the Y axis has FS and ES. You basically calculate the average of the IA and CA averages you previously calculated for the overall X axis average, and do the same for the Y axis.

  • @aphiwezililo7740

    @aphiwezililo7740

    3 жыл бұрын

    I still don't get how you do the axes value column.

  • @eagleeyemind4800

    @eagleeyemind4800

    3 жыл бұрын

    @@aphiwezililo7740Just add the score averages and divide by 2, since you are looking for the average of two numbers. [(3.6) + (-2.75)] / 2 = 0.425 [(3.4) + (-2.2)] / 2 = 0.6

  • @dennismontalvo300
    @dennismontalvo3003 жыл бұрын

    Where do I get the scores from??

  • @MisterSimplify

    @MisterSimplify

    3 жыл бұрын

    Hi Dennis. The actual scores can be provided by experienced management in a company within the industry, by analysts or by industry experts

  • @dennismontalvo300

    @dennismontalvo300

    3 жыл бұрын

    @@MisterSimplify Thanks man

  • @yazanhamed5623
    @yazanhamed5623 Жыл бұрын

    I want the axes averages Tamplet

  • @MisterSimplify

    @MisterSimplify

    Жыл бұрын

    Hello buddy! I've just put the template in a Google Sheets document for you. Please feel free to download it to your computer and use it. If this helps, don't forget to like, subscribe and share this tutorial! 😊👍 docs.google.com/spreadsheets/d/1GyBn2mHNk2a_w7tH_57_K3TBgTRpcn5BNbLvW435tbM/edit?usp=sharing

  • @krishant
    @krishant2 жыл бұрын

    ♥️👍🏻

  • @MisterSimplify

    @MisterSimplify

    2 жыл бұрын

    🙌👍

  • @krishant

    @krishant

    2 жыл бұрын

    @@MisterSimplify 🙌🏻

  • @anemonee
    @anemonee3 жыл бұрын

    oh i didnt know you could do it with 1 company, i thought its necessary to also know all these things in a competitor very nice explanation sir! thank you! ps this wasnt really discussed in our school but we have to include it in our strategic paper

  • @MisterSimplify

    @MisterSimplify

    3 жыл бұрын

    Glad to help! :)

  • @rainforest5555
    @rainforest55552 ай бұрын

    I thought space matrix was for stars.

  • @MisterSimplify

    @MisterSimplify

    2 ай бұрын

    Or some could say that 'space matrix' is a matrix film set in outer space! 😉