SPACE Analysis with Strategic Position and Action Evaluation Matrix

The SPACE (Strategic Position and Action Evaluation ) analysis developed by Alan Rowe, Richard Mason, Karl Dickel, Richard Mann and Robert Mockler is a strategic tool that can be used for strategic planning or to evaluate whether a strategic plan is making sense or not.

This analysis assesses 2 internal environments (Financial Strength and Competitive Advantage) and 2 external environments (Industry Attractiveness and Environmental Stability) and map them into a SPACE Matrix diagram. Based on the analysis, the strategic position of the company can be seen bias towards conservative, aggressive, competitive or defensive.

Factors affecting Financial Strength include:

• Return on sales
• Return on investment
• Liquidity
• Debt ratio
• Available vs required capital
• Cash flow
• Inventory turnover
• Use of economies of scale and experience

Factors affecting Competitive Advantage include:

• Market share
• Product range
• Product quality
• Product lifecycle
• Innovation cycle
• Customer loyalty
• Cost levels
• Vertical integration
• Speed of new product introduction

Factors affecting Industry Attractiveness include:

• Growth potential
• Profit potential
• Financial stability
• Technological know-how
• Resource utilization
• Complexity of entering the industry
• Labour productivity
• Capacity utilization
• Bargaining power of manufacturers
• Customer power

Factors affecting Environmental Stability include:

• Political uncertainty
• Technological change
• Inflation rate
• Interest rate
• Currency exchange rate
• Demand volatility
• Price range of competitive products
• Price elasticity of demand
• Pressure from the substitutes
• Cyclical issues

A score of 0 to 6 is given for the company's strength in each of the factors for Financial Strength and Industry Attractiveness, and a score of -6 to 0 is given in each of the factors for Competitive Advantage and Environmental Stability. The higher the score, the stronger the company is in respect to the evaluated factor.

The score for each of the 4 environments is the average of all their underlying factors, which need to be plotted at their respective axis. Then, 4 lines are drawn joining all the dots.

The quadrant with the largest area of the drawn quadrilateral shows the favourable strategic position to be taken.

Wise Auto Shutdown - Freeware to schedule automatic Windows shutdown / restart / log off / hybernate / sleep

You might be running something in your Windows PC and you want to go for sleep or go outdoor, therefore you need a simple tool to help you shutdown your computer at a scheduled time.

In another case, you might just want to automatically restart your Windows PC or server at midnight on daily basis.

Well, Wise Auto Shutdown is such a lightweight freeware tool that serves for this kind of purpose.

It has a very straightforward user interface for you to schedule for a shutdown / restart /log off / hibernate or sleep action with 4 options of triggering time as shown below:

Once you clicked on the Start Task button, this application will stay on your Windows System Tray waiting for the selected task to be triggered. You can always cancel its action before the task is triggered by opening it and turn it off by clicking on [X] to close the application.

Pretty handy, isn't it?

The trick to delete unwanted last empty page in Microsoft Word document that stubborn to be gone

If you have a Microsoft Word document with a table that ended until last line of of the page, and so happen that it is the last page of your document, you will find a blank empty page below which cannot be deleted.

This is because any table in Microsoft Word document must end with a paragraph mark, which is a non-printing character that normally won't show up in Print Layout view. This paragraph mark is required by the table and cannot be deleted unless you delete the entire table.

When the last line of the table reached the end of page, the paragraph mark will have no choice but to flow over to a new page below it, forming the last blank page. You can eliminate this last blank page by reducing the height of the table to leave some space for the paragraph mark to stay at the end of the same page, or alternatively, you can keep your table untouched and hide out this paragraph mark, which will magically make the last blank page disappear by itself.

The steps below is the method to hide out the paragraph mark at the last empty page so that there will be no last blank page when viewing the document on screen as well as when it is printed out.

Since the paragraph mark is normally invisible, we need to firstly display it on the page.

Inside the Paragraph ribbon under the Home tab of Microsoft Word, you will be able to find the paragraph mark toggle as shown below. Click to toggle it on.

 



Then, scroll to the last page which is the stubborn blank page, highlight that paragraph mark, right click and select Font...

 

The Font setting window will pop-up. Inside Effects setting, you can set the highlighted paragraph mark to be Hidden. Click OK when done.

 

 

Now, go back to the Paragraph ribbon and toggle the paragraph mark off. The last blank page will disappear.

That's the trick! The page is still there but is now hidden. It won't display out, and won't be printed out too.