Covering many of the books and several articles, i go through a lot of strategies and analysis. these strategies helps me a lot in several areas in getting a lot of profit and a good business. so, to get there we need to know them from the base.

what is business strategy?

Well, a business strategy is a tool to understand the environment, to show the path, and to understand the nature of business and profit.

What is business analysis?

A business analysis is a concept of knowing about a business and from where it is earning profit. it shows the way to achieve more profit.

So, these business strategies and analysis really have a great impact upon businesses.

TOP 10 BUSINESS STRATEGIES AND ANALYSIS

Business analysis and strategies:-

1. Porter’s Five forces framework

Michael porter divides the pressure’s sources in industry into five types of categories,

PORTER'S FIVE FORCES FRAMEWORK

You need to see, that these 5 points are satisfying in a particular industry. if they are on the maximum in that industry then please don’t go inside that. and if they are less then it’s your chance to achieve more.

2. SWOT analysis

Well, this analysis is very popular throughout the world and mostly everyone know about this technique.

SWOT analysis helps us to understand the environment and how should we react towards it. and the most important thing it tells us is, those coming opportunities and threats to our business.

SWOT ANALYSIS

When, it comes to applying this technique, you need to understand the concepts of these S,W,O,T .

This really have a great impact on business strategies and analysis.

You need to see what are the opportunities are coming in future and is we can grab those opportunities, is we have that much strength or our weakness will come in front to threat to us.

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3. VMOST analysis

This is used to identify the strengths and weaknesses of the organisation, you need to do a lot of research before doing this. because it is not easy to identify all the terms it covers.

4. Boston Box

This technique is really a game changer. the more you deepen yourself in this technique the more you will get to know about it. this technique will show the direction.

The direction in which you should invest more and from which product you need to take out your capital.

BOSTON BOX BUSINESS STRATEGY AND ANALYSIS

5. PESTLE analysis

This type of analysis should be done by an organisation. this is simple because of one big reason, that is responsibilities of the organisation.

It helps in defining the External environment of the organisation and which sectors organisation could pass.

factors

In India government change in every 5 years, this is making every new government to do new policies and if those policies and developments projects completed in those 5 years then, that’s good.

Otherwise projects will stop and continue when that same government come again.

So, these are the factors of PESTLE analysis, an organisation has to take care of these factors and how much good is the organisation in in these factors, will ultimately increase it’s position in industry.

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6. Ansoff’s matrix

This provides a set of alternatives which is required at the time when an organisation define it’s strategies.

ANSOFF'S MATRIX

This awesome strategy makes a visible and more clear way of doing things. how much, and which factors can help an organisation. and that how much risky is a new market.

This really have a great impact on business strategies and analysis.

7. McKinsey 7-s

This really helps an organisation to ensure the proper imply of a business change.

These all are the 7 key areas which link with a change. these 7 -s shows that the organisation can get success in new change or not.

These 7-s should be taken with a care and how you are going to use them in your organisation is totally depend upon you and how you are going to implement them is also depends upon you.

8. Balanced Business Scorecard

This reflects those aspects of an organisation which is crucial for the organisation and for it’s growth.

These four factors are important a lot that these determine the vision and mission of an organisation many times.

Factors

These factors have a different view in terms of an organisation, these factors are more important than others. as these are all necessary factors and one of them is the blood of an organisation and that is finance.

So, implementation of these factors are a lot important.

9. Power/Interest Grid

One of the most important and interesting business strategy, which can lead the growth of an organisation to the top.

There are some grids which are totally based on shareholders, but if you read a lot about it you can get to know that you can even do this in real life also.

Grids

POWER/INTEREST GRID ANALYSIS

The right use of this technique is a lot more easy as compared to others. you just have to keep them as they are acting towards your ideas and take to high power and high interest ones.

10. RASCI charts

After doing a lot of thing, strategies and analysis an organisation needs to give the responsibilities and accountability to it’s employees.

Factors

so, you can easily take the proper work from the employees by taking these factors as a guide, and these factors have a great importance in achieving goals of the organisation.

So, These business strategies and analysis really have great impact upon business.

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