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CHAPTER 9: STRATEGIC EVALUATION & SELECTION - Coggle Diagram
CHAPTER 9: STRATEGIC EVALUATION & SELECTION
Strategic options
Competitive strategy
3 competitive strategies
Hybrid strategies
Products and markets relating to the direction of development
Strategic methods of development
External development
Joint development
Internal development
Strategic evaluation framework: SFA
Feasibility
Culture, competencies, resources
Internal and external feasibility
Possibility
Acceptability
Stakeholder’s acceptances of expected performance outcome
Reactions of stakeholders, returns and risks
Suitability
Enable the organisation to achieve strategic objectives
SWOT
Financial tools
Involvement of accountants /financial analysts
Cash flow forecasting
Methods of investment appraisal
Other assessment tools
Cost-benefit analysis
Environmental aspects
Social aspects
Nonfinancial evaluation
Impact analysis
Impact of a strategy on stakeholders
Identify major risks
Manage and deal with the risks
Scenario planning and sensitivity analysis
Strategic evaluation process
Formulation of strategic opttions
Evaluation - Suitability
Evaluation - Feasibility, acceptability
Strategy selection & implementation
Strategic analysis