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The steps of strategic analysis?

幫考網(wǎng)校2020-10-10 17:53:24
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1. Define the organization's mission and objectives: The first step in strategic analysis is to define the organization's mission and objectives. This involves identifying the purpose of the organization, its core values, and the goals it wants to achieve.

2. Conduct a SWOT analysis: The next step is to conduct a SWOT analysis, which involves identifying the organization's strengths, weaknesses, opportunities, and threats. This analysis helps to identify the internal and external factors that affect the organization's performance.

3. Analyze the industry and market: The third step is to analyze the industry and market in which the organization operates. This involves identifying the key players, market trends, and customer preferences.

4. Identify strategic options: Based on the SWOT analysis and industry analysis, the organization can identify strategic options. These options may include diversification, market penetration, product development, and market development.

5. Evaluate strategic options: The next step is to evaluate the strategic options identified in the previous step. This involves assessing the feasibility, risks, and potential outcomes of each option.

6. Develop a strategic plan: Once the strategic options have been evaluated, the organization can develop a strategic plan. This plan should outline the goals, objectives, and actions required to achieve the organization's mission.

7. Implement the strategic plan: The final step is to implement the strategic plan. This involves allocating resources, setting timelines, and monitoring progress. The organization should also be prepared to adjust the plan as necessary based on changing circumstances.
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