3 Types of Strategic Analysis Methods You Can Use in Case Studies
With the increasing availability of online academic writing services, it has become very easy to buy assignment online. And considering the pressure a student needs to handle on a regular basis, these services have been quite helpful. However, relying too much on such service providers isn’t always a good idea.
It is a better idea to develop your knowledge about academic writing from time to time. Instead of asking for case study assignment help, you can actually learn about major strategic analysis methods used in case studies and prepare them on your own. Here are 3 of such analysis methods you can try for your next case study assignment.
1.SWOT analysis:
SWOT analysis is a strategic planning technique used to help a person or organization identify the strengths, weaknesses, opportunities and threats related to the entire organization or an individual project within a single department. Such analysis is designed to offer a realistic, fact-based, data-driven overview of the different aspects of an organization.
Most students use this analysis method while writing my assignment for university assigned case studies. By using both internal and external data, a SWOT analysis can help a company identify where it needs to improve internally while helping it to develop strategic plans.
2.PESTLE analysis:
PESTLE analysis is another form of strategic analysis framework that is used to assess and monitor the macro-environmental factors that can have a profound impact on the performance of a particular organization. The factors are – political, economic, social, technological, legal and environmental.
Another variation of this strategic analysis, PEST is used in various parts of the world for the same purpose. In that variation, the legal and environmental factors are not given much importance. With PESTLE analysis, an organization can prepare better strategies to capitalize on the conditions and to better prepare for the imminent changes.
3.Porter’s five forces:
Porter’s five forces is a method of strategic analysis that allows an organization to analyze its competitive environment. The five competitive forces discussed in such analysis are –
i.Competition in the industry
ii.Potential of new entrants into the industry
iii.Power of suppliers
iv.Power of consumers
v.The threat of substitute products
With such analysis, an organization can find out why different industries are able to sustain different levels of profitability. This model was first published in the book “Competitive Strategy: Techniques for Analyzing Industries and Competitors” by Michael E. Porter.
As you may have already realized, these analysis models serve different purposes in a case study. It will be better to pursue such an analysis only when the objective of the case study aligns with it.
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