Assess the view that strategic analysis is of little value to businesses that operate in a fast changing and competitive environment. Support your answer by references to businesses you have studied
Q: "strategic planning is providing the long term game plan for a business". explain
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Assess the view that strategic analysis is of little value to businesses that operate in a fast changing and competitive environment. Support your answer by references to businesses you have studied
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- Business Strategy is about managing uncertainty, opportunity and enterprise. How does a firm evaluate its industry competitiveness in which it operates? DiscussConducting an effective business analysis involves carrying out five (5) key steps. Briefly describe these five (5) steps.What is a company trying to achieve when it embarks on strategic planning?
- Explain the elements of strategic thinking (at least 4 elements) and their importance in a business decision and management to ensure effective organizations to sustain their performance and survive for long term.Indicate whether or not the organization where you are employed engages in strategic management and planning. If Yes, how has this benefitted the organization? If No, give your perceptions regarding the limitations and why the organization does not engage in strategic management and planning. Discuss briefly why ethical decision-making is essential in an organization, and the possible effects that ethical violations/unethical behaviours can have on the organization and its stakeholders.How does strategic analysis at the corporate level differ from strategic analysis at the business level? Explain your answer.
- What is the best role of a business analyst?Uncertainty, incentive, and industry are all managed by business strategy. How does a company assess the competitiveness of the market in which it operates? Discuss it.Enumerate how can a firm ensure that their strategic plan remains flexible and adaptable to changing circumstances, while still providing a clear and focused direction for the organization?
- What is the role of competitive analysis in marketing, and how can companies gain a competitive advantage through effective analysis?A profitable company will make it a point to determine how its competitors are doing business and try to do it better themselves. Benchmarking is one of the most effective tools available to an organization to ensure that these goals are being met. Many organizations use benchmarking as a way to measure organizational performance. What are the pros and cons of this approach? Has this approach always been used as a competitive tool? Provide at least two examples of companies using this type of tool to help them remain competitive within their market.Explain briefly how a person can use strategic analysis in their daily life?