What is the Business Strategy planning process include?

Re: What is the Business Strategy planning process include?

Here are some factors you should consider when planning strategically for your business.
Action Planning
Organizational Structure
Human Resource Factors
The Annual Business Plan
Monitoring & Control
Linkage - The Foundation for Everything Else
Competition
Environment
Potentials
Market

Re: What is the Business Strategy planning process include?

Hello friend....The planning process can be viewed as a somewhat circular flow of topics and action steps, where the results from one step initiate study and action in the next step.

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Re: What is the Business Strategy planning process include?

Effective business planning has to begin with an honest and realistic appraisal of the current position of the business. The formal term for this is “situational analysis” and there are several planning tools and methods which are helpful in putting the analysis together. The true purpose of situational analysis is to determine which opportunities to pursue:

PEST / PESTEL analysis: identify and analyse trends in the environment
Competitor analysis: understand and, if possible, predict the behaviour of competitors
Audit of internal resources
SWOT analysis: build on strengths; resolve weaknesses; exploit opportunities; confront threats

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Re: What is the Business Strategy planning process include?

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