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Almost any company can benefit from strategic planning, but let's take the example of a small tech startup. This company could benefit from strategic planning by identifying its competitive advantage using tools like VRIO Analysis. By evaluating their Value, Rareness, Imitability, and Organization, they can understand their strengths and weaknesses. This can help them to allocate resources more effectively, prioritize their goals, and develop a roadmap for growth. Strategic planning can also help them to identify potential risks and develop contingency plans.
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Without a roadmap, a venture has little chance of a successful transition from point A to point B. While the strategic planning process demands time a...
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With this slide, share the results of a strategic gap analysis, which determines what specific steps a business can take to achieve a goal. To identify shortcomings, look at the time frame, management performance and budget constraints. If you used an analytical tool VRIO Analysis to evaluate a company's resources and assess its competitive advantage, populate this slide with your findings in each category: Value, Rareness, Imitability and Organization. With this slide, communicate your strategy map. Strategy map helps you to evaluate and make the business' perspective visually more clear, as well as pinpoint strategic objectives and goals and visualize the fundamental connections.
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