Strategic Planning and Management

  SWOT Analysis: A framework to Assess Your Organization     Before going ahead to develop a complete strategic plan, it is very important to assess your current situation, where do you stand actually. Understand your internal and external environment.   SWOT Analysis is a useful technique for understanding your strengths and weaknesses, and for identifying both the opportunities open to you and the threats you face. Used in a business context, it helps you shape a sustainable position in your market. Used in a  personal context , it helps you develop your career in a way that takes the best advantage of your talents, abilities and opportunities. What makes SWOT particularly powerful is that it can help you uncover opportunities that you are well-placed to exploit. And by understanding the weaknesses of your business, you can manage and eliminate threats that may affect your progress. More than this, by looking at yourself and your competitors using the...

    1.     1.   McKinsey’s Strategic Horizons : A Strategic Framework Frameworks are the tools to implement strategies effectively to achieve goals and objectives. There are a variety of frameworks which are used in strategic planning and management. Sometimes, we get confused which framework is should be used or not. For your convenience, I divided all frameworks into five categories based on their nature, function and application. 1.       A.    Frameworks to Analyze your Organization: 2.       B.    Frameworks to Analyze your Environment: (Market) 3.       C .    Frameworks to Analyze your Customer: 4.       D .   Frameworks to Analyze your Competitor: 5.         E .  Frameworks to Analyze & Assess your Progress: Why we are discussing this framework first? The answer is very simple because when we are going to s...

Strategic Frameworks & Strategic planning & Management: What Is the Strategic Framework? A strategic framework is a structured tool or method used to define how a project or initiative supports the key objectives of an organization or business. Strategic frameworks are great for helping you to create and execute strategy. A strategic framework is a tool that will assist you at a specific stage of the strategic management cycle, most commonly during the strategy formulation and evaluation stage. Usually, strategic frameworks will require you to categorize your goals into a series of groupings. The strategic framework that you choose should therefore reflect the overall outcomes that you want to achieve. A strategic framework is an externally facing, visual outline of activities that make up an organization’s or departments main strategy. A framework serves as the foundation for internal and external messaging, organizing all priorities and initiatives into strategic drivers or p...