Know all about the best strategic analysis models for excellent management dissertation
If you search for strategic analyses models to use in a management dissertation, you are in the right place. The digital business world is continuously changing with rapid development in technology and globalization. Hence students need to write management dissertations on different strategic analysis models to be up to date. Only such excellent dissertations will enhance their prospects of getting job opportunities in organizations globally. All of them, big or small, need strategic analysis models to have clarity of the internal positive attributes. Also, the models help to identify the strength of both external and internal resources for increasing their competitive advantage to sustain and be successful.
Check out the different strategic analyses models to use in a management dissertation.
The best strategic analyses models
The best strategic analyses models or frameworks depend on their contribution to the organization’s strategic planning process. It involves many steps that include.
Step -1 is about the mission, vision, and values of the model
Step -2 is the strategy formulation
Step-3 is about the strategy description
Step -4 is strategy cascading
Step-5 is strategy execution.
Depending on how much subjective score the strategic models contribute, two significant types include
Strategy execution models like Balanced Scorecard for overall organization strategy and OKR for specific challenges
Strategy formulation models include SWOT, PESTEL, Three Horizons, and Constraints Analysis, among others.
The four core concepts of strategic analyses
Depending on the strategy level, you need to choose from the different strategy analyses models for the management dissertation. Hence it is essential for you as a management student to know the four core concepts involved in all strategic analyses.
The first concept is to understand the strategy level like corporate, business, and functional for completing the analysis as each level’s aims differ from one another.
The second concept of internal analysis helps to decide on the strategic analysis models used to assess the internal environment to identify the organization’s strengths and weaknesses.
The third is the external analysis, in which the organization has no control over the internal affairs and plays a vital part in selecting the suitable strategic analyses model.
The fourth concept is sharing the key findings of the internal and external analyses in a strategy meeting to ensure achieving the goals.
Different strategic analyses models used in management dissertation
After knowing the core concepts of strategic analyses and how models contribute to it, it is time to check the different strategic analyses models used in a management dissertation.
Gap Analysis
Gap analysis is one of the best internal analysis models to identify the 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
VRIO Analysis 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
Like VRIO, Value Chain analysis identifies and helps to establish the organization’s competitive advantage by examining the many activities to understand the values of each that contribute to making the final product or service. Its concept is that both the primary and supportive activities should directly or indirectly add value to bring the product or service to increase profits efficiently.
SWOT
SWOT is a simple but the most effective strategic analysis model for organizations’ internal and external perspectives. For the past nearly half a century, it is the most popular strategic analysis model to plan and manage the business for the future effectively. SWOT means the 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 maximumly use the opportunities for organizations’ development
Tows.
Porter’s five force analysis
Porter developed the five force analysis in 1980 to determine the primary competitive influence in the market. The five forces include the competition, potential of new entrants, threat of substitute products, suppliers, and customers’ power. By knowing the strength of these five forces, organizations can develop strategies to overcome the competition and be profitable.
PESTEL Analysis
If there is one best external strategic analysis model, it is PESTEL analysis as it helps to understand the current status and the potential impact of the following five elements.
- Political
- Economic
- Social
- Technological
- Environmental
- Legal
By giving an aerial view of the environment, this strategic analysis helps organizations to predict the complicated external factors that could affect the organization now and in the future.
Strategic management and its models exist since ancient times, and with the changing business world, there is more to come. The above few strategic analysis models will sure help you to use in management dissertation. And for more, seek help from the best dissertation writing services.
References:
- https://www.questionpro.com/blog/strategic-analysis/
- Strategic planning models/
- https://warren2lynch.medium.com/7-powerful-strategic-analysis-toolset-for-your-business-89f268ae1055
- https://blog.hubspot.com/sales/strategic-planning-models
Previous Post
Next Post