January 24, 2018
What Is SWOT Analysis And What Are Its Benefits? SWOT analysis is a strategic development tool that matches the strengths of the organization and weaknesses with the external opportunities and threats. It is an acronym for strengths, Weaknesses, Opportunities, and Threats. It is a vital part of an organization’s strategic […]
January 3, 2018
Top 11 Tools For Strategic Planning -How many do you know? Strategic planning is a huge field. There are so many different tools, schools of thought, and ways of working that it can be difficult to keep track. Choosing the right tools for your strategic planning can be difficult. Below are […]
November 11, 2017
Product-Market Mix and Its Benefits Product – market mix is a marketing tool that outlines the various strategies that an organization can use to increase the market share or introduce a new product. Strategic planning involves looking at the various ways or strategies that can help your business achieve competitive […]
October 23, 2017
Know Your Gap Analysis It is the comparison of the actual performance of an organization with potential or desired performance. This refers to the current state, the desired state and the future state. A vital aspect of Gap analysis is identifying what needs to be done in an organization for […]
October 11, 2017
Do you know what Critical Question Analysis is, and Its potential Benefits to an Organization? Critical question analysis in strategic planning refers to when the top management of an organization tries to answer four basic questions, which are: – What are the purposes and objectives of the organization? – Where […]
September 29, 2017
The most successful undertakings started with well-laid out plans. The biggest businesses and firms grew with the help of properly developed strategies. If you take a careful look at some of the most successful businesses, each and every decision made, the action taken, and every resource allocated and spent, had […]
August 23, 2017
Simply stated, a strategy is a guide or a roadmap by which an organization changes from a present state of affairs to a future preferred state. It is basically a framework by which daily decisions are made and a tool with which long-term plans and developments are constructed. A strategy […]