What are the different types of strategic planning activities?
Strategic planning activities are surrounded by a business model that represents a managerial approach from top to bottom. The strategic management process usually begins with missions or objectives that the company manages in the business environment. Various strategic planning activities in this process can be an analysis of pests or SWOT. Each of these common business practices allows the company to create a full revision of activities or tasks to help the company complete their mission and goals. The strategic planning process may never end up in business because the change is constant and liquid in most economies.
both macro- and microenvices have factors that can affect business. The analysis of pests - which means political, economic, social and technological - helps society to review these related factors. The activities of political strategic planning are reviewed by any government power that can change the operation of society. These factors may include government stability, privaties protection of real estateTV, taxes, employees' regulations and many other laws or regulations. Economic analysis activities surround the economy of the nation, review financial markets, including infrastructure, business cycle, inflation and labor costs, including. This analysis includes demography, class structure, attitude and other items measured in the economy. Technological analysis reviews any new technology and related costs that can help or improve the company's operations. In many economies, technology often changes, which motivates this kind of study in pest analysis.
SWOT Analysis can be an internal analysis. This term means strengths and weaknesses, opportunities and threats when used in strategic planning activities. The strengths are whatever the company is doing well, from the production of goods product for handling customer complaints. Weaknesses are just the opposite because JEdna about any item or activity that the company is doing wrong. Each of them can grow or infect the company's operations in the business environment.
opportunities represent any new activity in which the company can participate, which will grow business. Strategic planning activities often focus very much on these opportunities because growth leads to stability and competitiveness. Threats are any problems that the company can weaken, whether directly or indirectly. Companies must stand strategically to ensure that they do not allow threats to seriously damage their operations. These two tasks in strategic planning are usually not over, because new opportunities or threats are constantly being made in business.