Implementing a Strategic Plan

Analytical Tool Used In Determining the Success of the Organization

Strategic analysis can be defined as the process of carrying out research studies on an organization or business or the entire organizationís environmental setting in order to determine the success of the organization or devise relevant strategies that will ensure the organizationís success. There are a variety of strategies that can be used in the determination of the success of an organization. The strategies include SWOT analysis, four cornerís analysis, early warning scans, PEST analysis, value chain analysis, Porterís five forces analysis, and gaming analysis. However, based on the contest of our organization, we chose to employ the SWOT analysis technique in the determination of the effectiveness of the adaptive strategies of the organization. A SWOT analysis is an analytical technique that is used in the comprehension of the weaknesses, strengths, threats, and opportunities that are involved in an organiz...