Strategic Analysis Essay Example | Topics and Well Written Essays - 1750 words - 1

Strategic Analysis - Essay ExampleThis research will begin with the contestation that technological intervention has broken all geographical barriers thereby shrinking the world into a crushed global village. This has increased the level of competition in the markets since companies have to compete with local, as well as foreign brands. In such competitive times, information bears great relevance for any organization since it provides the root for effective decision making and strategic psycho compend. It is a thing of the past when managers developed long wrong goals and relied on their luck to attain success. The moderne competitive times require proactive strategic analysis that caters the changes in the internal as well as external environments. The sports stadium of strategic analysis provides the command principles and approaches to survive in the competitive world and attain success. Earlier, organizations developed a source of competitive benefit and simply had to de fend the respective product or service against any probable replacements. In the modern markets, there exists no such thing as finding a competitive advantage and glutinous to it. Dynamism tends to benefit more than rigidity. Kathwala stated that companies need to ensure that they perform comprehensive strategic analysis and adopt strategic flexibility so that they are able to reallocate their focus from one domain to the other to cater to the frequent changes in customers demands.