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STRATEGIC BUSINESS ANALYSIS
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Strategic Planning6 Steps of Strategic planning process.
1. Gather more information. Competitors exist, so they need to gather
more information to become on top and be chosen by the consumers.
2. SWOT analysis. The apple company must list their strengths that have an
advantage over the competitors, their weaknesses, and the opportunity waiting for
the company. Last is the treats.
3. REVIEW INPUTS. For this, all of the stakeholders of the apple company review
their SWOT analysis.
4. STRATEGIC MATRIX, which is the apple company's cross the SWOT. It is by
strength to increase, weakness to decrease, opportunity to improve, and treat to
remove.
5. Defining strategies. So the company sets a goal and objectives. They also identify
what they want for the short or long term. Another to it is the operation plan.
6. REVIEW AND ADJUST. COMPANY they need to review the strategies and plans to
assure that they make the right decision. Proper process and plan lead to the
success of the company. So if they succeed, they use the past operation as a guide
and make more improvements to it.
What makes a strategic plan effective? Why do you say so?
- To make the strategic plan effective, we should first create a clear vision, mission,
and list of objectives so that when we apply the strategic plan, it does not result in
changes that waste time.
- Clear vision serves as the company's guide in over all actions taken by the company
that defines what the company wants to be. The clear mission provided
detailed information about what the company does. In not doing this, the strategic
plan won’t be effective, and without an idea or without knowing the direction to
follow, the company will have bad results.
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