Explain the pros and cons of each strategic analysis tool

Assignment Help Operation Management
Reference no: EM132134100 , Length: word count : 1000

Learning Activity Instructions

Strategic Analysis Tools

Managers have many strategic analysis tools at their disposal. The most common strategic analysis tool used by managers and leaders to evaluate the internal and external environment of a company is the SWOT analysis.

This form of analysis is widely applicable and is a highly effective tool used by managers and leaders to evaluate problems, challenges, and opportunities.

However, the SWOT analysis is only one type of strategic analysis tool to consider. Review the different types of analyses provided in the Policy and Strategy Knowledge Base.

To familiarize yourself with various strategic analysis tools, conduct additional research as needed and write a brief expository essay based on the following criteria:

Conduct research to identify 2 strategic analysis tools used by managers and leaders to evaluate problems, opportunities, and challenges internal and external to an organization. You may choose to discuss qualitative or quantitative types of analysis tools.

Explain the pro's and con's of each strategic analysis tool you identified.

Explain how each strategic analysis tool is used by managers and leaders to solve problems, address challenges, or to capitalize on opportunities internal or external to an organization.

Provide examples demonstrating how you can use both strategic analysis tools to problem solve, address challenges, make improvements, or to capitalize on opportunities from a Research & Development, Marketing, Finance, and Production perspective when you begin "Competition" Round 1 of the Capsim Core simulation in the future.

Use a minimum of three peer-reviewed, scholarly research resources to substantiate your critical thinking, and to provide viable reasoning for your perspectives.

Provide unique perspective using no more than one direct quote from research resources. Effectively synthesize research by paraphrasing.

Reference no: EM132134100

Questions Cloud

Privacy issues relating to electronic communication : Privacy issues relating to electronic communication have become increasingly significant.
What are the minimum numbers of keys and pointers : What are the minimum numbers of keys and pointers in Btree (i) interior nodes and (ii) leaves, when:
What strategies and tactics you would suggest : In today's digital economy, organizations increasingly need to consider competition on a global scale. At the same time, sales and marketing teams understanding
How many keys and pointers will a block : Suppose pointers are 4 bytes long, and keys are 12 bytes long. How many keys and pointers will a block of 16,384 bytes have?
Explain the pros and cons of each strategic analysis tool : This form of analysis is widely applicable and is a highly effective tool used by managers and leaders to evaluate problems, challenges, and opportunities.
Needing to constantly challenge your value propositions : What do those changes suggest about the needing to constantly challenge your value propositions for your targeted markets?
Type of direct connection : Not many applications use this type of direct connection (ex: ftp, ssh, tenet, smtp, httpd, pop) anymore unless it is within the corporate firewall.
How many minutes were devoted to advertising : For this week's discussion I am encouraging you to watch TV. Yes, that is correct, I an encouraging you to sit back and watch a full hour of one of your.
Salespeople in your company might encounter : What are some challenges that salespeople in your company might encounter?

Reviews

Write a Review

Operation Management Questions & Answers

  Personal time management plan-techniques and approaches

Develop and describe a personal time management plan that will support your educational goals as well as maintain your workplace and family responsibilities. Techniques and approaches, Challenges.

  Is japanese work ethic comparable to american work ethic

Is the Japanese work ethic comparable to the American work ethic? Japanese corporations typically involve many more organizational levels and people in the development of implementation plans than do U.S. corporations. Is this appropriate? Why or why..

  Minimum number of servers for system

a) What is the minimum number of servers for this system? b) What is the optimal number of servers for this system? c) What is the cost for the system, per hour, at the optimum number of servers? d) What is the server utilization rate with the minimu..

  Are these qualities central to what it means to be beat

What qualities does Dean Moriarty have that makes Sal see him as a "holy saint"? Are these qualities central to what it means to be "beat"?

  Forecast for friday using the naive forecast approach

What would be the forecast for Friday using the Naive forecast approach ?

  Complain about poor service

Write a letter to a company to complain about poor service you received from them during the recent past. The complaint letter must be based on your actual experience.The letter should be as specific as possible so that the manager could understand t..

  Development and growth strategies since independence

Almost all African countries had adopted some form of development/growth strategies since independence.

  Determine the profitability of the business

Determine the profitability of the business. What is the probability that the park will incur a lost in any given season?

  Merchandise replenishment cycle

Assume that Wal-Mart’s merchandise replenishment cycle is no more than 48 hrs.

  Why was it important to document the methodology assumptions

Review the goals of the ResNet final audit report. What was the focus of the audit? Why was it important to document the methodology assumptions? What other questions could be included in a final project audit?

  Intangibility-inseparability-heterogeneity-perish ability

Four characteristics of services; intangibility, inseparability, heterogeneity and perish ability. Contrast two competing services (for example, United Airlines and Continental Airlines).. How do they address the four characteristics of services?

  Determines organization effectiveness

_____ often determines organization effectiveness.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd