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SBA EXAM

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9 views4 pages

SBA EXAM

Uploaded by

divinenicoleaguirre18
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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It refers to the process of conducting research on a company and its operating

environment to formulate a strategy. strategic analysis

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It is a plan of actions taken by managers to achieve the company’s overall goal and
other subsidiary goals. strategy

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It often determines the success of a company. strategy

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What business a company is in and how it rallies people.

mission

At the highest level, it involves high-level strategic decisions that will help a company
sustain a competitive advantage and remain profitable in the foreseeable future.
corporate strategy

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It focuses on market position to help the company gain a competitive advantage in its
own industry or other industries. business-level

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The fundamental beliefs of an organization reflecting its commitments and ethics.

values

Outside factors that affect the business. external environment

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Actors and decisions made by the management while trying to understand the impact
of strategic events.
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The lowest level of strategy. functional-level

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Differentiate traditional business analysis and strategic business analysis.


Writing a requirements document to serve as the foundation for the system development effort
is known as traditional business analysis. While strategic business analysis refers to
management's actions and decisions in order to better understand the impact of strategic
events such as the introduction or development of a new product line, the establishment of a
factory in a new location, the hiring of key personnel, the selection of organizational structure,
the investment in new technology, risk management, compliance with relevant laws and
regulations, and the implementation of changes.

Traditional business analysis is the process of creating a requirements document that


will serve as the foundation for the system development effort. While strategic
business analysis refers to management's actions and decisions to better understand
the impact of strategic events such as the introduction or development of a new
product.

What are the characteristics of strategic business analysis? Explain each briefly.
The characteristics of strategic business analysis are as follows:

1. Long-term in nature
Management should think of the impact that each target and objectives that
is contain will do to the long run of the company.
2. Focus on external events and activities
Senior managers spend 60% of their time gathering and interpreting
information from outside source like (customers, society that you are in,
competitors, governments and the likes ) which will significantly improve
the decision making process.
3. Place more emphasis on qualitative matters
Attention should also be given to those qualitative information or qualitative
factors that a company cannot ignore.
Your answer

Why do you think it is essential to have a strategic analysis process and what are
those processes?
The strategic analysis process of a business is essential since it is a key aspect in
planning and optimizing marketing strategies. We can integrate and achieve our
marketing objectives with our company's overall vision with the help of strategic
planning.
Furthermore, we must perform strategic analysis on a regular basis to educate
ourselves. In any business, the only constant is improvement, we must continue to
improve our organization. Likewise, it will assist the company in planning forward
and determining which areas require improvement.
The Strategic Analysis Process are as follows:
1. Perform an environmental of current strategies
2. Determine the effectiveness of existing strategies
3. Formulate plans
4. Recommend and implement the most viable strategy

Discuss the strategic analysis process.


1. Perform an environmental of current strategies
Starting from the beginning, a company needs to complete an
environmental analysis of its current strategies. They must
consider the internal and external environment.
2. Determine the effectiveness of existing strategies
A strategic analysis' main goal is to figure out how effective the present plan
is in the current company climate. Strategists must ask themselves questions
like, "Is our strategy succeeding or failing?" Will we achieve our declared
objectives? Is our strategy in line with our company's vision, mission, and
values?
3. Formulate plans
If the answers to the assessment stage's questions are "No" or "Unsure," we
go on to the planning stage, when the company presents strategic options.
Strategists may suggest strategies to cut costs and streamline processes.
Changes in capital structure, supply chain management, or any other
alternative to a business process are all possible strategic alternatives.

4. Recommend and implement the most viable strategy


Lastly, we make a proposal after evaluating techniques and providing
alternatives. We chose to pursue the most viable and quantitatively
profitable approach after evaluating all possible strategic choices. We
continuously repeat the process after producing a recommendation.
Strategies must be applied, evaluated,then evaluated again. Because
corporate settings are not static, they must alter.

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