The digital world continues to change with rapid development in technology and globalization and organizations need to come up with the best strategic analysis models that enable them to bring things up to date. Students who are studying business need to write management dissertations on strategic analysis which is the process of researching an organization and its working environment to formulate a strategy. There are many other definitions of strategic analysis with a different perspective and it is up to the students to understand them well and use them for writing their academic papers.
The Best Strategic Analyses Models:
The best strategic analysis models or frameworks depend on their contribution to the organization’s strategic planning process. There are many steps to developing strategic analysis models that work for organizations. They include:- Step -1: it is about the mission, vision, and values of the model
- Step -2: it is about the strategy formulation
- Step-3: it is about the strategy description
- Step -4: it is strategy cascading
- Step-5: it is strategy execution
Strategic Analyses Models Used In Management Dissertation:
Understanding the core concepts of strategic analysis and how models contribute to it, the next step is to check the different strategic analysis models used in a management dissertation.Gap Analysis:
It is one of the best internal analysis models that strive to identify gaps in organizations that create hurdles to achieve the goals. It compares the current state to the desired future state to find the gap and the series of actions to fill it.VRIO Analysis:
It is another internal analysis tool that identifies the many available resources’ traits and moves it to the next step for development into competitive advantages.Value Chain Analysis:
Value Chain analysis identifies and helps to establish the organization’s competitive advantage by going through the many activities to comprehend the values of each that play a significant role in making the final product or service. According to it, both the primary and supportive activities should directly or indirectly add value to bring the product or service to increase profits efficiently.SWOT:
It is a simple but the most effective strategic analysis model for organizations’ internal and external perspectives. For ages, it is being used to plan and manage the business for the future effectively. SWOT stands for strength, weakness, opportunities, and threats of the organization both internally and externally. It leverages the strength to improve the weakness for minimizing the threats and maximum use the opportunities for organizations’ development.Porter’s Five Force Analysis:
This analysis for developed by Porter to determine the primary competitive influence in the market. The five forces include competition, the potential of new entrants, the threat of substitute products, suppliers, and customers’ power. Knowing the strength of these five forces, organizations can come up with strategies to overcome the competition and be profitable.PESTEL Analysis:
It is perhaps the best external strategic model which helps to understand the current status and the potential impact of the following five elements.- Political
- Economic
- Social
- Technological
- Environmental
- Legal
Depending on the strategy level, it is up to the students to choose from the different strategy analysis models for writing a good dissertation that discusses these models in detail. As a management student, knowing the core concepts and the best strategic analysis models can help them to identify an organization’s strengths and weaknesses. The best strategic analysis models for dissertation writing help students to decide on the most appropriate model used for accessing the internal environment and achieve desired goals for an organization.
