Strategic analysis is a process that involves researching an organization's business climate inside which it operates. Strategic analysis is essential to formulate strategic planning for decision making and smooth working of that organization.
Table of Contents
- Strategic Management
- Strategic Decision Making
- Innovation Management
- Change Management
- Business Ethics
- Corporate Governance
- Corporate Social Responsibility
Strategic Analysis FAQs
What is the importance of strategic analysis?
The crucial job in the strategic decision-making process has strategic analysis. It often brings important information about the evaluation and improvement of the climate inside and outside the company and reveals possible opportunities and threats that should be considered in strategic decision-making.
What does a strategic analysis include?
Strategic analysis refers to the process of directing research on a company and its operating climate to formulate a strategy. Distinguishing and evaluating data relevant to the company's strategy. Characterising the internal and external environments to be analyzed.
What are the types of strategic analysis?
SWOT, PESTLE and other models for strategic analysis
SWOT (strengths, weaknesses, opportunities, threats) analysis.
PESTLE (political, monetary, social, technological, legal and environmental) analysis.
Watchman's Five Forces framework.
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