This section covers the essential and the most popular business strategy tools used by companies to implement their strategic plans to achieve a sustained competitive advantage. We also have articles on strategic management/strategic planning and its process.

Dec 1, 2023 · Porter’s five forces model is an analysis tool that uses five industry forces to determine the intensity of competition in an industry and its profitability level. [1] What is Porter’s Five Forces. The Five forces model was created by M. Porter in 1979 to understand how five key competitive forces are affecting an industry.

Oct 24, 2023 · Strategic planning process is a systematic or emerged way of performing strategic planning in the organization through initial assessment, thorough analysis, strategy formulation, its implementation and evaluation.

Dec 3, 2023 · McKinsey 7S model is a tool that analyzes company’s organizational design by looking at 7 key internal elements: strategy, structure, systems, shared values, style, staff and skills, in order to identify if they are effectively aligned and allow the …

Dec 3, 2023 · SWOT is a widely accepted tool due to its simplicity and value of focusing on the key issues which affect the firm. The aim of SWOT is to identify the strengths and weaknesses that are relevant in meeting opportunities and threats in particular situation.

Mar 21, 2024 · The nine business model Building Blocks form the basis for a handy tool, which is called the Business Model Canvas (figure below). This tool resembles a painter’s canvas preformatted with nine blocks that allow painting pictures of new or existing business models.

Strategy tools used by companies in all areas of the strategic planning and strategic management articles. Read More

Dec 23, 2024 · What tools should we adopt to achieve the desired results? What measures will tell us we are on track to achieve success? How do we translate our vision of success into tangible outcomes?

Mar 20, 2024 · Benchmarking is a strategy tool used to compare the performance of business processes and products with the best performances of other companies inside and outside the industry. Benchmarking is the search for industry best practices that lead to superior performance.

Dec 1, 2023 · Internal Factor Evaluation (IFE) Matrix is a strategy tool used to evaluate firm’s internal environment and to reveal its strengths as well as weaknesses. [1] External Factor Evaluation (EFE) Matrix is a strategy tool used to examine company’s external environment and to identify the available opportunities and threats.