STRATEGIC THOUGHT

 STRATEGIC THOUGHT

Strategic thinking is simply an intentional and rational thought process that focuses on the analysis of critical factors and variables that will influence the long-term success of a business, a team, or an individual.

SWOT Analysis

SWOT is an acronym for strengths, weaknesses, opportunities and threats. The SWOT analysis helps you see how you stand out in the marketplace, how you can grow as a business and where you are vulnerable. This easy-to-use tool also helps you identify your company's opportunities and any threats it faces.

Product life cycle

A product life cycle is the length of time from a product first being introduced to consumers until it is removed from the market. A product's life cycle is usually broken down into four stages; introduction, growth, maturity, and decline.

Balanced Scorecard

The Balanced Scorecard allows you to ensure that every department sees and understands clear linkages between its own strategy and the strategy of the organisation as a whole.

PEST

PEST Analysis is a measurement tool which is used to assess markets for a particular product or a business at a given time frame. PEST stands for Political, Economic, Social, and Technological factors. Once these factors are analysed organisations can make better business decisions.

VALUE CHAIN

Value chain analysis (VCA) is a process where a firm identifies its primary and support activities that add value to its final product and then analyses these activities to reduce costs or increase differentiation. Value chain represents the internal activities a firm engages in when transforming inputs into outputs.

PORTER’S FIVE FORCE

Porter's Five Forces is a model that identifies and analyzes five competitive forces that shape every industry and helps determine an industry's weaknesses and strengths. Five Forces analysis is frequently used to identify an industry's structure to determine corporate strategy.

FRAME WORK

Strategy frameworks, or strategic frameworks, are methods that businesses use to outline plans to achieve future goals. It aims to demonstrate how a business or department plans to use projects and other initiatives to uphold the overall vision of stakeholders.

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