- SWOT Analysis: A framework for identifying an organization’s Strengths, Weaknesses, Opportunities, and Threats. This tool is often used in strategic planning to evaluate the company’s competitive position.
- PESTLE Analysis: A macro-environmental framework that examines Political, Economic, Social, Technological, Legal, and Environmental factors that could impact an organization.
- Core Competencies: The unique capabilities that give an organization a competitive advantage. Honda, for instance, has a core competency in small engine design and manufacturing.
- Value Chain: A model that describes the activities within and around an organization that create value. It’s often dissected into primary and support activities.
- Blue Ocean Strategy: A framework focused on creating new market spaces or “Blue Oceans,” rather than competing in saturated “Red Oceans.”
- Benchmarking: Comparing one’s processes and performance metrics against industry bests or best practices to identify areas for improvement.
- Balanced Scorecard: A performance measurement tool that considers financial and non-financial metrics to provide a balanced view of organizational performance.
- Business Model Canvas: A visual template that describes the nine building blocks of a business model, such as customer segments, channels, and revenue streams.
- Porter’s Five Forces: A model that analyzes the level of competition in an industry by evaluating five forces: buyer and supplier power, threat of new entrants, threat of substitutes, and competitive rivalry.
- KPI (Key Performance Indicator): Metrics that evaluate the success of an organization or specific activity in meeting objectives.
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