“…Dyson (1990) listed out a number of analytical techniques, such as the experience curve, the SWOT (Strengths, Weaknesses, Opportunities, Threat) analysis, the PIMS (Profitability Impact of Marketing Strategies) model and the Boston Consulting Group (BCG) matrix, each with specific advantages and disadvantages that allow a comparative or competitive positioning of businesses or business units. Thus far, efforts have been made to solve the strategic tool problems and some alternative methods have been put forward: (i) the concept of grand strategy matrix-where companies are placed in the four quadrants of the coordinates according to their respective categories (Christensen, Berg, & Salter, 1976), (ii) A'WOT (Analytic, Weakness, Opportunities, Threat) method-a hybrid method to eliminate the weaknesses in the measurement and evaluation steps of the SWOTanalysis (Kajanus, Kangas, & Kurttila, 2004;Kurttila, Pesonen, Kangas, & Kajanus, 2000), (iii) analytic network process-a multi-criteria decision-making technique for solving complicated problems (Yü ksel & Dagdeviren, 2007) and (iv) a fuzzy SWOT matrix-an algorithm for rectifying the shortcomings and problems of the SWOT matrix through the use of fuzzy sets (Ghazinoory, Zadeh, & Memariani, 2007;Lee & Chang, 2008).…”