Evaluation Techniques

Evaluation Techniques:

1. Cost-Benefit Analysis: Weighing the financial costs against the potential benefits of a business decision.

2. Risk Assessment: Identifying risks associated with business strategies and evaluating their potential impact.

3. Sensitivity Analysis: Testing the impact of changes in key variables on business outcomes.

4. Decision Trees: Graphical representations of possible decisions and their potential outcomes.

5. Force Field Analysis: Identifying forces for and against change to understand what supports or hinders business strategies.

6. Stakeholder Analysis: Assessing the impact of business decisions on various stakeholders and their interests.

7. Scenario Planning: Anticipating potential future scenarios and planning strategic responses.

8. Balanced Scorecard: Evaluating business performance from financial, customer, internal processes, and learning perspectives.

9. Benchmarking: Comparing business performance against industry standards or competitors.

10. Strategic Gap Analysis: Identifying the difference between current performance and desired goals.