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Strategic Management Tools

In: Business and Management

Submitted By darkdamsel
Words 2459
Pages 10
Running head: STRATEGIC MANAGEMENT ANALYSIS TOOLS

Strategic Management Analysis Tools

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Abstract

The number of strategic management analysis tools have increased dramatically in the last twenty years. This increase could be a result of a growing demand to meet the new demands this new global market. This literature review aims to outline these articles and findings by concentrating on the strategic management research tools and describing the tools that are the most useful for managers to use.

Keywords: tools, strategic analysis, strategic management, strategic planning.

Strategic Management Analysis Tools
Brief History
In recent decades, strategic management research has become so complex and expensive that managers have found it difficult to utilize it effectively. Increasing competition across all industries combined with the ever changing variables such as the economic realities of an expanding global community, have created this market for strategic market analysis tools. Hence, as a method to support managers needs to meet stockholders expectations, a number of tools and methods have been created. Essentially, the problem is there are so many strategic management analysis tools choosing the right one is challenging.
Research on strategic analysis is not abundant, despite the numerous reviews on the subject matter. It should be noted that all of the authors of existing reviews state that strategic analysis is the premise of any strategic plan. Before we go any further, one must first define what is strategic management analysis. Strategic management analysis is how management analyzes business procedures and the process of evaluating the business environment within which an organization operates as part of a process of developing long-term goals (Q Finance, 2011). Hence, the essential method in…...

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