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To maximise on profits and market gap
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There are five basic stages of the strategic management process. They are foal setting, analysis, strategy formation, strategy implementation, and evaluation or control.
1. Too many project started at a time, with the hope that one will compensate for the other project disappointment, this creating a strategic droop, this also result in inter department rivalry, competition for resources, and inferior result of all project, one can go for gap analysis backed by crap analysis to prevent such situapin
SWOT analysis is a strategic planning method used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a business venture.This analysis should be part of any business plan. While the prospective entrepreneur can create one to promote his business plan, an objective version is recommended.
conduct of account
Strategic analysis is about looking at what is happening outside your organisation now and in the future. It asks two questions: * How might what's happening affect you? * What would be your response to likely changes? It's called strategic because it's high level, about the longer term, and about your whole organisation. It's called analysis because it's about breaking something that's big and complex down into more manageable chunks. Strategic analysis is about looking at what is happening outside your organisation now and in the future. It asks two questions: * How might what's happening affect you? Strategic analysis is about looking at what is happening outside your organisation now and in the future. It asks two questions: * How might what's happening affect you? * What would be your response to likely changes? It's called strategic because it's high level, about the longer term, and about your whole organisation. It's called analysis because it's about breaking something that's big and complex down into more manageable chunks.
Strategic Plan
Strategic analysis is about looking at what is happening outside your organisation now and in the future. It asks two questions:How might what's happening affect you?What would be your response to likely changes?It's called strategic because it's high level, about the longer term, and about your whole organisation.It's called analysis because it's about breaking something that's big and complex down into more manageable chunks.The focus is external because factors outside your organisation have a powerful influence on it. Increasingly organisations appreciate that they can learn to manage their response to those influences, rather than assume there is nothing they can do.It's part of the overarching process of strategic planning.Strategic analysis boosts organisational effectivenessStrategic analysis helps to: Anticipate what might happenEvaluate how likely it is to happenPrepare for it happeningStrategic analysis will lead to clearer more relevant goals, better quality decisions, and a more secure future as you are better prepared for what will happen.Otherwise known as "external environmental analysis" it is a key step in strategic planning. It is the link between getting your overall direction right and making the right decisions. You will make better decisions if you understand the influences from the outside world to which you might have to respond in the future.Many funders are reassured by strategic analysis because they know that organisations that are well prepared for their future are more likely to use grants, donations and loans to greatest advantage and to maximise the difference their organisation makes.The cost of not doing at least a small amount of strategic analysis means missed opportunities (some call this 'opportunity cost' - the cost of not doing something). If you don't do strategic analysis you risk being left behind, missing opportunities for beneficiaries.
A strategic job analysis is one in which a plan of action is in place to accomplish a particular goal. The current job analysis is what is currently in place that may need to be changed.
To maximise on profits and market gap
Just Exporting
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Importance of financial ratio analysis on investment decision making?
Strategic analysis is "the process of developing strategy for a business by researching the business and the environment in which it operates." It is important because it helps a business determine how it can reach its goals using available resources.