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
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! 😊
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
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. ☺
Very useful! Thank you so much
This is hands down the best explanation of the SPACE matrix
@MisterSimplify
2 жыл бұрын
Thank you for appreciating, Lamia! 😊
Thank you good sir! You’ve helped me more than my master’s professor
@MisterSimplify
2 жыл бұрын
You're most welcome Veronica. I am glad I could help! ☺☺
thank u man ... that helped me a lot
Thank You!!
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
3 жыл бұрын
Thank you for your support buddy. Please share and spread the word.
You Made it very easy
You're so much better than my professor thank u!
@MisterSimplify
2 жыл бұрын
You're most welcome Hamed. Pls keep supporting! 🙂
thanks sir!! 🥰
Thank you so much for this explanation it was really useful
@MisterSimplify
2 жыл бұрын
You're most welcome Rofaida. Pls support the channel by liking, sharing and subscribing! ☺
This lecture is soooo good.. thank you very much.
@MisterSimplify
Жыл бұрын
You're welcome buddy! 👍🙂
Thankyou,so much sir
This video has made me improve my knowledge about the topic
@MisterSimplify
Жыл бұрын
That's great! Glad it was helpful! 😊👍
Amazing video thanks for such excellent explanation
@MisterSimplify
3 жыл бұрын
:)
Thank you So Much for Making easy to understand 😊
@MisterSimplify
10 ай бұрын
You're most welcome Seema. All the best to you! 👍😊
Now this help me pass my assignment Thank you so much
@MisterSimplify
2 жыл бұрын
That's great Nolo! Glad I could help! ☺
Thank you sir
Thank you so much sir🙏
@MisterSimplify
Ай бұрын
You're welcome Samina! 🙂
Thanks Mr. Simplify. You make any COMPLEX THEORY so SIMPLE to mention. 💖💖💖🇮🇳🇮🇳🇮🇳
@MisterSimplify
29 күн бұрын
It's my pleasure! Glad to help! 😊
good thank you
very helpful ,thank you
@MisterSimplify
Жыл бұрын
You're most welcome Cameron! 😊
Thank you very much.
@MisterSimplify
3 жыл бұрын
You are very welcome, my friend! :)
Thanks that was helpful 🥰 Thanks from Egypt ❤️
@MisterSimplify
3 жыл бұрын
You're most welcome, my dear friend! :)
@user-wq6kl1sl7d
3 жыл бұрын
@@MisterSimplify thank you sir that's so nice form you 🌸🌿
THANK YOU!!!!!!!!!!
@MisterSimplify
Жыл бұрын
You're welcome! 🙂👍
Thank you for this, Sir! This is really helpful.
@MisterSimplify
3 жыл бұрын
You are very welcome! :)
Thank you so muchhhh 😢
@MisterSimplify
2 жыл бұрын
You're most welcome! Let me know if there are other topics you want covered. Requests are always invaluable. 😊
i have my exams tomorrow and you literally saved me, thank you so much
@MisterSimplify
7 ай бұрын
Oh great! I hope you did well in your exams! 🙂
ty ty ty so much
@MisterSimplify
3 жыл бұрын
:)
Tq so much❤🕶 myaan
@MisterSimplify
Жыл бұрын
You're welcome!! 😊
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
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.
How did you get the dots to make the quadrilateral?
@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.
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
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! 🙂
Hi Sir, I'm a bit confused. How do we get the score for the sub factors?
@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
2 жыл бұрын
Hi sir, in an exercise will the teacher give me the scores for the sub factors?
Question: Do we assign the score based on the actual company’s rating ?
@MisterSimplify
9 ай бұрын
Hello! Yes indeed. One would normally consult top management, analysts and industry experts to get the scores.
thanks for this explanation but how can i do axes average
@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
3 жыл бұрын
I still don't get how you do the axes value column.
@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
Where do I get the scores from??
@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
3 жыл бұрын
@@MisterSimplify Thanks man
I want the axes averages Tamplet
@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
♥️👍🏻
@MisterSimplify
2 жыл бұрын
🙌👍
@krishant
2 жыл бұрын
@@MisterSimplify 🙌🏻
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
3 жыл бұрын
Glad to help! :)
I thought space matrix was for stars.
@MisterSimplify
2 ай бұрын
Or some could say that 'space matrix' is a matrix film set in outer space! 😉