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Strategy formulation - tools

There are several tools in the strategic toolbox including SWOT analysis, PESTLE, 5-forces, and competition analysis.

Watch the video and then summarise what you have learned.

In the current literature, there are several tools in the strategic toolbox that deal with the external attributes of a business as well as its internal capabilities, including SWOT analysis, PESTLE, 5-forces, and competition analysis.

These models are important because they help build a strategic business plan based on solid strategic analysis. However, one of the issues currently is the confusion and inapplicable use of these tools at the wrong level.

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Strategic Business Planning

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