TRENDS LC - 8

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4 Terms

1
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What is Strategic Analysis?

A systematic, logical, and step-by-step way of thinking that involves breaking down a problem, gathering information, analyzing different options, and planning actions based on facts and data. It's like building something with a blueprint.

2
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What are the key characteristics of Strategic Analysis?

The key characteristics of Strategic Analysis include being:

  1. Logical
  2. Analytical
  3. Data-driven
  4. Step-by-step
  5. Conscious effort
  6. Takes time
3
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What four actions are fundamental to Strategic Analysis?

The fundamental actions involved in Strategic Analysis are:

  1. Breaking down big problems
  2. Gathering all facts and numbers
  3. Exploring different choices
  4. Creating a solid plan
4
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Can you provide examples of Strategic Analysis?

Examples of Strategic Analysis include:

  1. Planning a birthday party, involving listing guests, budgeting, choosing a venue, planning activities, and setting a timeline.
  2. Solving a complex math problem by following a formula, breaking it into smaller steps, and checking the work.