Strategic Analysis of Business
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About this ebook
Strategic Analysis of Business is vital reading for CEOs and senior executives, heads of strategy, current and future entrepreneurs, investors - especially corporate business development managers - and any businessperson who has responsibility for analysis of Business, industry, Competitive Situation by application of SWOT, TOWS and BCG Matrix to tackle the business-related issues, challenges, and problems associated with business.
This book is specially designed for those who are the students of Business, MBA, PGDM & Executives. IT management, businessmen, entrepreneurs, operating managers, middle-level managers across the management consultant, business executives and business professionals such as director of forecasting and planning, forecast manager, director of strategic planning, director of marketing, sales manager, advertising manager, CFO, financial officer, controller, treasurer, financial analyst, production manager, brand/product manager, new product manager, supply chain manager, logistics manager, material management manager, purchasing agent, scheduling manager, and director of information systems.
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Strategic Analysis of Business - Hiriyappa .B, Ph.D.
CHAPTER 1
STRATEGIC ANALYSIS OF BUSINESS
INTRODUCTION
Jeff is a self-employee. He has a small business with little investment. He has a broadminded, hard worker, dedicated person and willing to learn new things such as strategic analysis in a business environment. He has to the know the expert’s opinion of strategic analysis in business planning.
Analysis is the critical starting point of strategic thinking
Kenichi Ohmae
If you’re not faster than your competitor, you’re in a tenuous position, and if you’re only half as fast, you’re terminal
George Salk
The idea is to concentrate our strength against our competitor’s relative weakness
Bruce Henderson
After knowing the few expert’s opinion and he also notices in the light of further study concerns with the strategic analysis and its tools, major issues consider for strategic analysis, situational analysis, the methods of industry and competitive analysis, the concept of strategic groups, SWOT analysis and portfolio analysis. The strategic management process includes a set of managerial decisions and actions which determined the long-term planning and effective performance of superior objectives and goals of the organization. It involves the important things like setting the organization's mission, vision, company or organization profile, external environment, operating industry, multinational analysis, developing objectives, development of strategic analysis and choice and implementing the strategies, to the accomplishment of the long term objectives and short-term objectives and finally control, monitor, guidance and evaluation of organization objectives.
STRATEGIC ANALYSIS OF BUSINESS
Business principally comprises of products and services which offer to the ultimate customer. Success or Failure purely depends an individual talent, performance, willing to learn new things, adaptability and compete at critical constraints and solve it as simple. Self-employee always sells the products and services, it is the first priority and produce goods and services at low cost; it is the second priority and third priority is strategic analysis of business. You will become the successful entrepreneur; when you will bound to know the importance of strategic analysis in Business.
You can know the strategic analysis application in the Business. Business Analysis start with SWOT is the heart of Strategic Analysis. SWOT analysis is the process of carefully inspecting the business and its environment through the various dimensions like Strengths, Weaknesses, Opportunities and Threats. Strengths are referred to the company’s core competencies, and it includes proprietary technology, skills, resources, market position, patents, and others. These are analyzing the strength of businesses' position and understanding the important external factors that may influence that to company’s position.
Strategy formulation is not a task in which strategic managers can be gotten by opinions, good instincts, and creative thinking from the strategic managers in the company. Strategic analysis solidly based on the company’s internal and external environment situation. It includes
Industry and competitive conditions
A company’s core competitive capabilities, resources, internal strengths and weakness and market situations about the company.
These are the most important situational considerations in strategic analysis. The process of company’s strategic analysis will be assisted by