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Top rated strategic business planning
Here are some top-rated strategic business planning frameworks, models, and tools:
- SWOT Analysis: A classic framework for identifying a company's strengths, weaknesses, opportunities, and threats.
- Porter's Five Forces: A model for analyzing the competitive forces that shape an industry, including threat of new entrants, bargaining power of suppliers and buyers, and rivalry among existing competitors.
- Balanced Scorecard: A performance management framework that helps organizations achieve their strategic objectives by measuring and evaluating their performance from four perspectives: financial, customer, internal processes, and learning and growth.
- McKinsey 7S Framework: A model for analyzing and improving an organization's strategy, structure, systems, skills, style, staff, and shared values.
- Blue Ocean Strategy: A framework for creating a unique and innovative business strategy that makes the competition irrelevant.
- OKR (Objectives and Key Results): A goal-setting framework for defining and tracking objectives and their measurable outcomes.
- PESTEL Analysis: A framework for analyzing the macro-environmental factors that affect a business, including political, economic, social, technological, environmental, and legal factors.
- Boston Consulting Group (BCG) Growth-Share Matrix: A model for evaluating business units or products based on their market growth rate and relative market share.
- Ansoff Matrix: A framework for identifying and evaluating different business growth strategies, including market penetration, market development, product development, and diversification.
- Gap Analysis: A tool for identifying the gap between a company's current and desired performance, and for developing strategies to close that gap.
Some top-rated strategic business planning tools include:
- Strategy Map: A visual tool for mapping out an organization's strategic objectives and initiatives.
- Business Model Canvas: A template for designing and innovating business models.
- SCORE (Simple, Concise, Objective, Relevant, and Economical) framework: A framework for developing and evaluating business strategies.
- Kaizen: A methodology for continuous improvement and lean management.
- Six Thinking Hats: A tool for structured thinking and decision-making.
Some top-rated strategic business planning books include:
- "Playing to Win: How Strategy Really Works" by A.G. Lafley and Roger L. Martin
- "The Strategy That Will Fix Health Care" by Michael E. Porter and Thomas H. Lee
- "Blue Ocean Strategy: How to Create Uncontested Market Space and Make the Competition Irrelevant" by W. Chan Kim and Renée Mauborgne
- "Good Strategy Bad Strategy: The Difference and Why It Matters" by Richard Rumelt
- "Competing Against Luck: The Story of Innovation and Customer Choice" by Clayton M. Christensen, Taddy Hall, Karen Dillon, and David S. Duncan.
Some top-rated strategic business planning courses include:
- Coursera - Strategic Management Specialization (University of Virginia)
- edX - Strategic Planning (University of California, Irvine)
- MIT OpenCourseWare - Strategic Management (Massachusetts Institute of Technology)
- Harvard Business School Online - Strategy (Harvard University)
- University of Pennsylvania - Strategic Management (Wharton School of the University of Pennsylvania).
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