What are the different methods and tools used for strategic planning and evaluation?
Common tools for performing an assessment of the internal and external factors impacting on strategic decisions are SWOT, and PEST or PESTEL analysis..
What are the tools used in planning?
Seven Management and Planning ToolsThe Affinity Diagram.The Tree Diagram.The Interrelationship Diagram.The Matrix Diagram.Prioritization Matrices.The Process Decision Program Chart (PDPC)The Activity Network Diagram.
What are the 5 steps in strategic planning?
The 5 Steps of the Strategic Planning ProcessDetermine your strategic position.Prioritize your objectives.Develop a strategic plan.Execute and manage your plan.Review and revise the plan.
What are the strategic analysis tools?
Examples of analytical methods used in strategic analysis include: • SWOT analysis • PEST analysis • Porter’s five forces analysis • four corner’s analysis • value chain analysis • early warning scans • war gaming. An overview of these strategic analysis tools will be provided in this topic gateway.
What are six planning tools?
Techniques Chapter 5 I read that the six planning tools and techniques are forecasting, contingency planning, scenarios, benchmarking, participatory planning, and goal setting. The benefits of planning are best realized when plans are built from strong foundations.
What is the most common strategic planning tool?
Strategic Planning ToolsSWOT Analysis.Porter’s Five Forces.PESTLE Analysis.Visioning.VRIO Framework.