Want FREE Templates on Digital Transformation? Download our FREE compilation of 50+ slides. This is an exclusive promotion being run on LinkedIn.


STRATEGIC ANALYSIS TOOLKIT


We have assembled 12 documents in the Strategic Analysis Toolkit. All documents are displayed below on this page.
Take a look at the Top 100 Best Practices in Strategy & Transformation of 2024. It covers all levels of Strategy (Corporate, Business, Product, Marketing); Planning and Execution; Transformation; and Innovation.

  Open all 12 documents in separate browser tabs.
  Add all 12 documents to your shopping cart.


As Jeff Bezos, CEO of Amazon has famously remarked, "If you double the number of experiments you do per year, you’re going to double your inventiveness." Developing a deep, robust understanding of your corporate landscape—from your competition to your core competencies—is the cornerstone of effective Strategic Analysis.

Understanding the Importance of Strategic Analysis

Strategic Analysis serves as the foundation of any successful Strategic Planning process. This methodical approach helps businesses assess their current standing, market positioning, and future potential by identifying strengths, weaknesses, opportunities, and threats—commonly referred to as the SWOT analysis.

Best Practices in Strategic Analysis

Experience from both successful and failed corporate strategies underscores some key best practices that C-level executives should remember when conducting Strategic Analysis.

  1. Focus on Both Internal and External Environments: While focusing predominantly on internal operations or external trends could yield helpful observations, the value of Strategic Analysis increases profoundly when both are evaluated in tandem.
  2. Think in Long-Term Scenarios: The real value of Strategic Analysis comes from its ability to help visualize different future scenarios and prepare the organization for changes in market dynamics.
  3. Leverage Technology: Digital transformation and data analysis tools not only speed up the process, but also increase the accuracy of Strategic Analysis. Advanced analytics provide richer, deeper insights into market trends and customer behavior patterns which are critical for shaping strategy.

Unique Insights from Strategic Analysis

Unlike traditional analysis methods that rely heavily on historical data and trends, Strategic Analysis brings together a mix of quantitative and qualitative data, generating unique insights. It helps to:

The Role of Strategic Analysis in Value Creation

Strategic Analysis informs intelligent decision-making, critical for value creation within any corporation. It essentially identifies areas where the company can create, or is currently creating, value and, conversely, areas where it is destroying or could potentially destroy value. These insights guide leadership in resource allocation to enhance Operational Excellence and drive innovation.

Aligning Strategic Analysis with Corporate Objectives

It is crucial that Strategic Analysis be aligned with the broader corporate objectives for it to be fruitful. It should reflect the company’s defined mission, vision, and long-term goals. Strategic Analysis is not solely the responsibility of top management or strategists in an organization—its success is often influenced by the active engagement and contribution of all key internal and external stakeholders. This inclusive approach can yield broader perspectives and more comprehensive, actionable strategic plans.

Strategic Analysis in a Dynamic Environment

In today's increasingly dynamic business environment, Strategic Analysis must be an ongoing exercise rather than a one-time event. It is essential that top executives continuously evaluate and adjust their strategic directions based on real-time market indicators and internal performance metrics. In essence, Strategic Analysis strengthens the organization's ability to anticipate, respond and adapt to industry shifts and disruptions, thereby maintaining a competitive edge."

For more information, have a look at these management topics:




CUSTOMER TESTIMONIALS




SELECT CUSTOMERS
Since 2012, we have provided best practices to over 10,000 businesses and organizations of all sizes across the world—in over 130 countries. Below is just a very small sample of our customer base.



Did you know?
The average daily rate of a McKinsey consultant is $6,625 (not including expenses). The average price of a Flevy document is $65.







Browse our Business Toolkits
to quickly find the documents you need.
Each business toolkit is a collection of documents around a common management topic.





TOP 40 TRENDING TOOLKITS


  Show all available toolkits.

Download our FREE Strategy & Transformation Framework Templates

Download our free compilation of 50+ Strategy & Transformation slides and templates. Frameworks include McKinsey 7-S Strategy Model, Balanced Scorecard, Disruptive Innovation, BCG Experience Curve, and many more.