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Strategic Analysis - 3 Video Lecture | Crash Course for CA Intermediate
FAQs on Strategic Analysis - 3 Video Lecture - Crash Course for CA Intermediate
| 1. What is the significance of strategic analysis in business management? |  |
Ans. Strategic analysis is crucial in business management as it helps organizations understand their competitive environment, identify strengths and weaknesses, and formulate effective strategies. It involves assessing internal resources and capabilities, as well as external market conditions. This process enables businesses to make informed decisions that align with their long-term goals and adapt to changing market dynamics.
| 2. What are the key components of a strategic analysis? | |
Ans. The key components of a strategic analysis typically include SWOT analysis (Strengths, Weaknesses, Opportunities, Threats), PESTLE analysis (Political, Economic, Social, Technological, Legal, Environmental factors), and Porter’s Five Forces framework. These tools provide a comprehensive understanding of both the internal and external factors that can impact an organization's performance and strategic direction.
| 3. How can SWOT analysis benefit an organization? | |
Ans. SWOT analysis benefits an organization by providing a clear framework to evaluate internal and external factors affecting its success. By identifying strengths, organizations can leverage them for competitive advantage. Recognizing weaknesses allows for targeted improvements. Opportunities highlight potential areas for growth, while threats help in risk management. Overall, it aids in strategic planning and decision-making.
| 4. What role does market research play in strategic analysis? | |
Ans. Market research plays a vital role in strategic analysis by providing data and insights about consumer behavior, market trends, and competitive positioning. It helps organizations understand their target audience, assess market needs, and identify opportunities for innovation. This information is essential for informed strategic planning and helps businesses stay ahead in a competitive landscape.
| 5. How often should a strategic analysis be conducted? | |
Ans. A strategic analysis should be conducted regularly, typically at least once a year, but it may also be beneficial to perform it more frequently in dynamic industries. Regular assessments allow organizations to stay responsive to market changes, emerging threats, and new opportunities. Additionally, it ensures that strategies remain relevant and aligned with evolving business objectives.
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Sep 30, 2025
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