Evaluation Techniques

What is Cost-Benefit Analysis?

Weighing the financial costs against the potential benefits of a business decision.

What is Risk Assessment in business strategy?

Identifying risks associated with business strategies and evaluating their potential impact.

What does Sensitivity Analysis test?

The impact of changes in key variables on business outcomes.

What do Decision Trees represent?

Graphical representations of possible decisions and their potential outcomes.

What is Force Field Analysis used for?

Identifying forces for and against change to understand what supports or hinders business strategies.

What is the purpose of Stakeholder Analysis?

Assessing the impact of business decisions on various stakeholders and their interests.

What does Scenario Planning involve?

Anticipating potential future scenarios and planning strategic responses.

What perspectives does the Balanced Scorecard evaluate?

Financial, customer, internal processes, and learning perspectives.

What is Benchmarking?

Comparing business performance against industry standards or competitors.

What does Strategic Gap Analysis identify?

The difference between current performance and desired goals.