Strategic Management, Why & How
Every organization requires strategic analysis to tackle the changes in the environment, to find out the resources and capabilities of the organization. But it does not necessary that all organization would follow same process of analysis, so different organization may use different process for analysis. Strategic analysis begins with the identification of operating and financial strengths and weaknesses and environmental opportunities and threats.
Companies can use strategic analysis to work out where they have been and where they are currently in the business environment. An analysis of a firm's history completes an analytical assessment of a firm. A firm establishes its competitive building by investing scarce resources again and again in its value-added activities. By doing this the organizations will be able to give rise superior products and services that the buyer's desire. In addition, the firm's product and services (via resource allocations) should be difficult to imitate by competitors.
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