What are the tools of strategic analysis?

The Strategic Analysis tools include:

  • Gap Analysis.
  • VRIO Analysis.
  • Four Corners Analysis.
  • Value Chain Analysis.
  • SWOT Analysis.
  • Strategy Evaluation.
  • Porter’s 5 Forces.
  • PESTEL Analysis.

What are the different methods of strategic analysis?

These include:

  • SWOT (strengths, weaknesses, opportunities, threats) analysis.
  • PESTLE (political, economic, social, technological, legal and environmental) analysis.
  • scenario planning.
  • Porter’s Five Forces framework.

What are the tools of strategy?

Here is my list of 10 essential tools for strategy analysis:

  • SWOT. The SWOT is the most basic form of strategic analysis.
  • Porter’s Value Chain.
  • The Strategy Canvas.
  • The Business Model Canvas.
  • PESTEL.
  • McKinsey 7S.
  • Porter’s 5 Forces.
  • Pareto Analysis.

What is analysis tool?

Data Collection and Analysis Tools Quality Glossary Definition: Data collection and analysis tools. Data collection and analysis tools are defined as a series of charts, maps, and diagrams designed to collect, interpret, and present data for a wide range of applications and industries.

What are some tools for analysis and planning?

Strategic Planning Tools

  • SWOT Analysis. SWOT analysis is a strategic planning tool and acronym for strengths, weaknesses, opportunities, and threats.
  • Porter’s Five Forces.
  • PESTLE Analysis.
  • Visioning.
  • VRIO Framework.

What are the 4 steps of strategic planning process?

The 4 Steps of Strategic Planning Process

  1. Environmental Scanning. Environmental scanning is the process of gathering, organizing and analyzing information.
  2. Strategy Formulation.
  3. Strategy Implementation.
  4. Strategy Evaluation.

What is SWOT and pestle?

SWOT and PESTLE analyses are used to make a systematic and thorough evaluation of a new business or project. While a SWOT analysis focuses on a company’s internal strengths and weaknesses, a PESTLE analysis concentrates on the external factors.

What are strategic models and tools?

Strategy models are tools to help a company develop an action plan. They exist as blueprints for your business’ growth. Saylor explains that strategy formulation is a process in which a company chooses the right course to achieve their business goals. Utilizing strategy models aid in the process.

Why do we use strategy tools?

In effect, the whole purpose of strategic tools is to aid and guide managerial decision making – ideally, allowing managers to make better, more informed decisions as a result of their use.