As a student or business owner, you know that success in business requires strategic planning. However, it can be challenging to develop an effective strategy without a comprehensive guide. This is where SPACE analysis comes in. SPACE analysis is a strategic planning tool that helps businesses identify and address their internal and external factors to develop a successful business strategy. Understanding SPACE Analysis SPACE analysis stands for Strategic Position and Action Evaluation. It is a tool used to analyze a company’s internal and external environment to identify its position in the market and develop a business strategy that maximizes its