EASY
CHARGER
SPACE Matrix
The SPACE matrix is used by companies to determine the type of strategy that best fits the needs based on the characteristic of it. It takes into account four main factors; financial, stability, competitive and industry position. Based on this four factors, the company selects the most relevant variables that affects directly the industry and the internal function of it
Based on the characteristics of our company Ecocharger, we made the following SPACE matrix:
As we can appreciate in the table, we choose several variables that most affect our company and we gave them a value from 1 to 7 for Financial and Industry position and -1 to -7 for Stability and competitive position.
After choosing the variables and asigning them the value, we proceed to compute the average between the set of variables and then put it on the matrix as follows.
As we can see, the graph drawn on the Aggressive section of the matrix, meaning that our company should adapt some aggressive strategies such as market penetration and development and product development. Our company is a company that just started, but since we are in the industry, we have many competitors because of technological advances, but Easycharger have a advantage because of our new technological changes , as we said in the external analysis, and taking into account the financial exercise realized in the financial factor analysis, we can say that the company is stable and able to sustain that stability in the technological market.