strategic planning tools are important components of any competent manager toolkit. However, they can not replace your organization or individual capacity to perform effectively. Discuss the following tools for what they are - support for responsible management.
Prior to situation analysis
Situation analysis will provide a comprehensive overview of the fundamental problems to address your organization to receive, and the possibilities that can be Overlooking. We must take greatCare, how to define and frame the issues or else much of your analysis and subsequent corrective actions could be a total waste. analysis of the actual situation, not only to identify problems and opportunities, but also prioritized.
According SWOT Analysis
The SWOT analysis is a simple analytical framework for the derivation of policy options for implementing the results of an analysis of the situation. SWOT stands for strengths, weaknesses, opportunities and risks. The results ofSWOT analysis is summarized in the rule with a simple matrix groups, the results classified as internal, external, positive and negative.
Strengths are the attributes of organizational (internal) and positive relationship.
Weaknesses are also internal organization, but its negative effects.
Opportunities are external conditions that have a positive impact.
Threats are external conditions, the negative impact of having an organization.
Third PESTAnalysis
PEST analysis tool is particularly suitable for very large organizations or small organizations with a particularly large (or international coverage). PEST is an acronym for political, environmental, socio-cultural and technological. It 'used to help brainstorm and flesh, some of the "bigger picture" scenarios that can affect an organization or company.
Fourth Boston Matrix
The Boston Matrix (also known as the BCG matrix, or "growth-Sharematrix ") is a strategic tool that helps decision used to ensure that decisions can be about, product lines and marketing of the brand. It is employed a graphical matrix, which shows the relationship between market growth, market share and a special occasion.
The Boston Matrix, business line or product opportunities in four areas, depending on the combination of market share and market growth in multiples.
Dogs - These product lines or companies that have asmall market share in a market with low growth. These are usually the most desirable in their portfolio (unless of course your single "dog" is highly profitable).
Cash Cows - These product lines or companies are also in a market with low growth, but have a high market share in these markets. Because it has a high market share may be possible, the maximum leverage from that position to extract high percentage. However, you should be looking after a growing market, as youuse them.
Question Marks - These exist in markets with high growth rates, but have a low market share. They are also known as "problem children". These options give you more headaches and strategists carefully before further investments to be analyzed is poured into them, as they could go to become the stars or dogs, when the market matures, are made before returning.
Stars - These products or companies have high market share in fast growing markets. Given these facts, you shouldthese stars and priorities of hard work to exploit the opportunities available here.
Completion
Applying the right tools for strategic planning of the problem right is crucial. But more importantly, that excellence in planning Business version.
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