Which management tool is used for strategic planning
Answer (1)
Student Expert
23rd Feb, 2021
Hi Aspirant!
Strategic planning tools help organization's develop their action plans to achieve goals. There are many strategic planning tools/model available in the market. Some of the most popular ones are:
- Balanced scorecard
- Strategy Map
- SWOT Analysis
- PEST Model
- GAP planning
- Blue Ocean Strategy
- Porter's Five Forces
- VRIO framework
- Baldrige Framework
- OKRs (objectives and key results)
- Hoshin Planning
Thankyou!
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