[BA] 8 Tools & Techniques To Apply To Strategic Analysis & Planning
VMOST : This stands for Vision, Mission, Objectives, Strategy, and Tactical. Success in an organization happens with top-down or bottom-up alignment. I was recently reminded of is when working with a client who stated that their tactical is not connected to the strategy. VMOST analysis is meant to help make that connection. SWOT : The standard analysis tool, defined as Strengths, Weaknesses, Opportunities, and Threats. Strengths and weaknesses are internal to the organization, opportunities and threats are external. SWOT requires you to be candid and provide an honest assessment of the state of things. It forces you to create a dialogue with stakeholders to get different viewpoints. Eventually, you focus in on the key issues. PEST : This is a great tool to use in tandem with SWOT. The acronym stands for Political, Economic, Social and Technology. PEST reveals opportunities and threats better than SWOT, the direction of business change, projects that will fail beyond your con...