Identify Strategic Issues
Once defined, the strategic issue helps drive the strategies that the organization develops and pursues. A strategic issue, when identified correctly and used effectively, becomes the strategic SEO services in UK focus of the organization. In this process, more than one strategic issue may surface.
Conduct an Environmental Scan
Environmental scanning is an important component of strategic planning as it provides information on factors that will affect the organization in the future. The information gathered will allow leadership to proactively respond to external impacts.
Conduct a Competitive Analysis
Competitive analysis refers to a strategy where you identify major competitors and evaluate their strategies to determine their strengths and weaknesses. The competitive analysis aims to create solid business strategies that make your organization superior to your competitors.
Identify Opportunities and Threats
Opportunities and threats are external—things that are going on outside your company, in the larger market. You can take advantage of opportunities and protect against threats, but you can't change them. Examples include competitors, prices of raw materials, and customer shopping trends.
Identify Strengths and Weaknesses
Strengths are defined as character traits or skills that are considered positive. Strengths include knowledge, attributes, skills, and talents. Weaknesses are just the opposite. Weaknesses are defined as character traits or skills that are considered negative or not as well developed.
Customer Segments
Customer segmentation is the process of grouping customers according to how and why they buy. It allows organizations to create more specific sales and marketing strategies for customer group.,
Develop Your SWOT
SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. Strengths and weaknesses are internal to your company—things that you have some control over and can change. Examples include who is on your team, your patents and intellectual property, and your location.
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