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Session1

In: Business and Management

Submitted By asjumadiao
Words 2018
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Definition and Concept
‘… a careful examination of the most important things which have an influence on the success of an organization.’ Longman English Business Dictionary
‘…an understanding of organization and its environment with respect to long-range perspective.’ Model of Strategic Analysis Tools Typology
‘…the process of conducting research on the business environment within which an organization operates and on the organization itself, in order to formulate strategy.’ BNET Business Dictionary
‘… a theoretical informed understanding of the environment in which an organization is operating, together with an understanding of the organization’s interaction with its environment in order to improve organizational efficiency and effectiveness by increasing the organization’s capacity to deploy and redeploy its resources intelligently.’ Professor Les Worrall, Wolverhampton Business School
Definition of strategic analysis often differ, but the following attributes are commonly associated with it: 1. Identification and evaluation of data relevant to strategy formulation. 2. Definition of the external and internal environment to be analyzed. 3. A range of analytical methods (strategic analysis tools) that can be employed in the analysis.
Example of analytical methods used in strategic analysis which will be discussed in this paper includes but not limited to the following: 1. SWOT analysis 2. PEST analysis 3. Porter’s five forces analysis 4. Four corner’s analysis 5. Value chain analysis 6. Early warning scans 7. War gaming
An overview of these strategic analysis tools will be provided.
Strategic Analysis Tools
Definition
Analytical methods and tools are key to ensuring that consistency and an appropriate level of rigour is applied to the analysis.
There are a number of important…...

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