DESCRIPTION
This document outlines a 3-phase framework for conducting robust Strategic Analysis, based on a paper published by A. E. Boardman and A. R. Vining. The framework describes the major elements of a strategic analysis, and consists of a logically-sequenced, coherent skeleton of a comprehensive strategic analysis. The phases are:
1. Current Situational Analysis
2. Analysis Assessment
3. Solution Analysis
Concepts and supporting frameworks discussed include Impact Matrix, Political Strategy, Solution Analysis, Life Cycle Portfolio Matrix, GE Matrix, Portfolio Matrix, Performance Assessment Tool, and PEST Analysis.
This Strategic Analysis Framework delves deep into the core of strategic planning, offering a granular breakdown of each phase. The document begins with a thorough Current Situation Analysis, covering basic descriptors like firm ownership, control, and supply chain dynamics. It then transitions into an internal characteristics assessment, identifying competitive advantages and potential sources of rents. This section is critical for understanding the firm's intrinsic strengths and weaknesses.
The Analysis Assessment phase employs tools such as the Basic Portfolio Matrix to evaluate the firm's competitive position within the industry. By mapping out industry attractiveness against the firm's competitive stance, this framework provides a clear visual representation of strategic positioning. This phase is essential for identifying growth opportunities and potential areas of improvement, making it a vital component for any strategic analysis.
The Solution Analysis phase incorporates elements of political strategy, addressing how firms can navigate regulatory landscapes and stakeholder interests. This section includes a detailed examination of argument alternatives, target alternatives, and financial contribution strategies. This comprehensive approach ensures that all aspects of strategic planning are covered, providing a robust framework for decision-making and strategic direction.
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Source: Best Practices in Strategy Development, Strategic Analysis PowerPoint Slides: Strategic Analysis Framework PowerPoint (PPT) Presentation, PPT Lab
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