The analysis-based strategic plan model is often useful for small or new firms. This model involves analyzing the external environment and internal capabilities of the firm to identify strengths, weaknesses, opportunities, and threats (SWOT analysis). Additionally, it involves conducting industry analysis and market research to understand the competitive landscape.
This model is well-suited for small or new firms as it helps them gain a better understanding of their position in the market and identify areas where they can leverage their strengths or overcome their weaknesses. It allows them to make informed decisions about their strategic direction and helps in setting realistic and achievable goals.
While goals-based, values-based, and issues-based strategic plan models also have their merits, the analysis-based model provides small or new firms with a strong foundation and helps them make data-driven strategic decisions.
which strategic plan model is useful for ew or small firms
goals based
values based
issues based
analysis based
1 answer
1 answer