A two-dimensional grid that compares the strategic positions of each of an organization's businesses is referred to as a strategic decision-making matrix.

Question

Quizplus · Accepted Answer

A strategic decision-making matrix, such as the Boston Consulting Group (BCG) matrix or the General Electric/McKinsey matrix, is indeed used to compare the strategic positions of an organization's various businesses on a two-dimensional grid, typically evaluating factors like market growth and market share.

A Two-Dimensional Grid That Compares the Strategic Positions of Each