SWOT, PESTLE and other models for strategic analysis For Economic Dissertation
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KNOW ALL ABOUT THE BEST STRATEGIC ANALYSES MODELS FOR EXCELLENT MANAGEMENT DISSERTATION An Academic presentation by Dr. Nancy Agnes, Head, Technical Operations, Tutors India Group www.tutorsindia.com Email: [email protected]
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If you search for strategic analyses models to use in a management dissertation, you are in the right place. The digital business world is continuously changing with rapid development in technology and globalization. Hence students need to write management dissertations on different strategic analysis models to be up to date. Only such excellent dissertations will enhance their prospects of getting job opportunities in organizations globally. All of them, big or small, need strategic analysis models to have clarity of the internal positive attributes. Also, the models help to identify the strength of both external and internal resources for increasing their competitive advantage to sustain and be successful. Check out the different strategic analysis models to use in a management dissertation.
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Transcript of SWOT, PESTLE and other models for strategic analysis For Economic Dissertation
KNOW ALL ABOUT THE BESTSTRATEGIC ANALYSES MODELSFOR EXCELLENT MANAGEMENTDISSERTATION
An Academic presentation by Dr. Nancy Agnes, Head, Technical Operations, Tutors India Group www.tutorsindia.comEmail: [email protected]
Introduction
The best strategic analyses models
The four core concepts of strategic analyses
Different strategic analyses models used in management dissertation
Gap Analysis
VRIO Analysis
Value Chain Analysis
SWOT
Porter's five force analysis
PESTEL Analysis
OUTLINE
Today's Discussion
If you search for strategic analyses models to use in amanagement dissertation, you are in the right place.
The digital business world is continuously changing with rapiddevelopment in technology and globalization.
Hence students need to write management dissertations ondifferent strategic analysis models to be up to date.
Only such excellent dissertations will enhance their prospects ofgetting job opportunities in organizations globally.
Introduction
All of them, big or small, need strategic analysis models to have clarity of theinternal positive attributes.
Also, the models help to identify the strength of both external and internalresources for increasing their competitive advantage to sustain and be successful.
Check out the different strategic analyses models to use in a managementdissertation
The best strategic analyses models or frameworks depend ontheir contribution to the organization's strategic planningprocess.
It involves many steps that include.
Step -1 is about the mission, vision, and values of the model
Step -2 is the strategy formulation
Step-3 is about the strategy description
Step -4 is strategy cascading
The beststrategicanalysesmodels
Step-5 is strategy execution.
Depending on how much subjective score the strategic models contribute, twosignificant types include
Strategy execution models like Balanced Scorecard for overall organization strategyand OKR for specific challenges
Strategy formulation models include SWOT, PESTEL, Three Horizons, and ConstraintsAnalysis, among others.
Depending on the strategy level, you need to choose from thedifferent strategy analyses models for the managementdissertation.
Hence it is essential for you as a management student toknow the four core concepts involved in all strategic analyses.
The first concept is to understand the strategy level likecorporate, business, and functional for completing the analysisas each level's aims differ from one another.
The second concept of internal analysis helps to decide on thestrategic analysis models used to assess the internalenvironment to identify the organization's strengths andweaknesses.
The fourcoreconcepts ofstrategicanalyses
The third is the external analysis, in which the organization has no control over theinternal affairs and plays a vital part in selecting the suitable strategic analysesmodel.
The fourth concept is sharing the key findings of the internal and external analyses ina strategy meeting to ensure achieving the goals.
Contd...
After knowing the core concepts of strategic analyses andhow models contribute to it, it is time to check the differentstrategic analyses models used in a managementdissertation.
Differentstrategicanalyses modelsused inmanagementdissertation
Contd...
Gap analysis is one of the best internal analysis modelsto identify the gaps in organizations that create hurdles toachieve the goals.
It compares the current state to the desired future state tofind the gap and the series of actions to fill it.
Gap Analysis
Contd...
VRIO Analysis is another internal analysis tool that identifiesthe many available resources' traits and moves it to the nextstep for development into competitive advantages.
VRIO Analysis
Like VRIO, Value Chain analysis identifies and helps toestablish the organization's competitive advantage byexamining the many activities to understand the values ofeach that contribute to making the final product or service.
Its concept is that both the primary and supportiveactivities should directly or indirectly add value to bring theproduct or service to increase profits efficiently.
Value ChainAnalysis
Contd...
SWOT is a simple but the most effective strategic analysis model fororganizations' internal and external perspectives.
For the past nearly half a century, it is the most popular strategic analysismodel to plan and manage the business for the future effectively.
SWOT means the strength, weakness, opportunities, and threats of theorganization both internally and externally.
It leverages the strength to improve the weakness for minimizing thethreats and maximumly use the opportunities for organizations'development Tows.
SWOT
Contd...
Source: creately.com
Contd...
Porter developed the five force analysis in 1980 to determine theprimary competitive influence in the market.
The five forces include the competition, potential of new entrants,threat of substitute products, suppliers, and customers' power.
By knowing the strength of these five forces, organizations candevelop strategies to overcome the competition and be profitable.
Porter'sfive forceanalysis
If there is one best external strategic analysis model, it is PESTELanalysis as it helps to understand the current status and thepotential impact of the following five elements.
PoliticalEconomicSocialTechnologicalEnvironmentalLegal
By giving an aerial view of the environment, this strategic analysishelps organizations to predict the complicated external factors thatcould affect the organization now and in the future.
PESTELAnalysis
Contd...
Strategic management and its models exist since ancient times, and with the changingbusiness world, there is more to come.
The above few strategic analysis models will sure help you to use in managementdissertation.
And for more, seek help from the best dissertation writing services.
