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Which management tool is used for strategic planning


karthick.r.41298 23rd Feb, 2021
Answer (1)
ginnisachdeva02_9364270 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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