What are the 5 tools of strategic analysis?

What are the 5 tools of strategic analysis?

These include:

  • SWOT (strengths, weaknesses, opportunities, threats) analysis.
  • PESTLE (political, economic, social, technological, legal and environmental) analysis.
  • scenario planning.
  • Porter’s Five Forces framework.

What is SFA analysis?

The SFA matrix enables businesses to evaluate and then select a strategic option from a range of choices. It was created by Gerry Johnson and Kevan Scholes. The SFA matrix considers three key criteria of strategy development: suitability, feasibility, and acceptability.

How do you do a SAF analysis?

Performing a SAF Analysis for strategic options has three steps. Firstly, decide the criteria important to your business in the Suitability, Acceptability and Feasibility. Secondly, decide what your strategic options are for your business. Finally, produce the scores for each potential strategy against your criteria.

What is SAF strategy model?

The Suitability, Acceptability and Feasibility (SAF) method helps in evaluating strategies; as per the framework, a strategy must meet three criteria for it to be successful – it must be suitable, acceptable and feasible (JOHNSON and SCHOLES, 1997).

What are the 4 steps in the strategic analysis process?

The 4 Steps of Strategic Planning Process

  1. Environmental Scanning. Environmental scanning is the process of gathering, organizing and analyzing information.
  2. Strategy Formulation.
  3. Strategy Implementation.
  4. Strategy Evaluation.

Which is better SWOT or pestle?

The process gives decision-makers a better awareness and understanding of the changes that may occur and the impact that these changes may have on their business. While a SWOT analysis focuses on a company’s internal strengths and weaknesses, a PESTLE analysis concentrates on the external factors.

What is SAF analysis?

Situation analysis framework (SAF) is an analytical and planning method commonly used in PRCA and communication programme planning and implementation. SAF is adapted from the Logical Framework Approach (LFA) and the Objective Oriented Project Planning (OOPP).

What is SAF in management?

Strategy Analysis Framework (SAF) – Strategic Management.

What are the 3 phases of strategic management?

Successful strategic management involves three steps: Planning, Execution and Monitoring Developments & Progress.

What is SWOT and PESTEL analysis?

While a SWOT analysis focuses on a company’s internal strengths and weaknesses, a PESTLE analysis concentrates on the external factors. Using both methods together produces a comprehensive evaluation of a project.