Strategic options analysis pdf

Strategic options are the instruments, choices and actions that link together the evidences emerging from the strategic analysis process with the actions a firm has to choose to modify its business model so as to realize the strategic vision. It is essentially a way for people to externalise their different understandings of a situation, and as far as possible to. A strategy is a plan of actions taken by managers to achieve the company. Options analysis report on strategic directions for nursing and midwifery 20162020. Assess the external context, in terms of opportunities and threats e. Vikram razdan, business consultant and technical writer. Using cognitive mapping for strategic options development and analysis soda. Pattullo bridge replacement project strategic options analysis. The ge businessindustry attractiveness screen with a threebythree matrix is even more prescriptive, suggesting only one strategic direction is suitable in some cases. No amount of analysis will identify categorically which strategic option to select, but the analysis and techniques in this chapter can help the decisionmaking process. The definition of strategic analysis may differ from an academic or business perspective, but the process involves several common factors. Ultimately, the choice will be based on experience and instinct.

This strategic options analysis soa summarizes the analysis undertaken to identify a preferred option to replace the pattullo bridge. Navigating the dozens of different strategy options. Matrix analysis is therefore a useful tool in helping to generate strategic options and chart 10. Strategic analysis overview, examples, levels of strategy. Strategic analysis refers to the process of conducting research on a company and its operating environment to formulate a strategy. Evaluating your strategic options logic and evidence are paramount in choosing between possible options rational and fact. Strategic options development and analysis soda enables a group or individual to construct a graphical representation of a problematic situation, and thus explore options and their ramifications. They carefully select the most successful ones to scale up and exploit. Strategic options development and analysis soda the soda strategic options development and analysis method has been developed by colin eden and his associates e. Analysis of samsung electronics strategy for the period 20142017, and development of strategic options for growth and sustainability author. Pdf analysis of samsung electronics strategy for the. A strategic tool for achieving objectives swot analysis can help your business identify what its doing right and what needs to change in the organization and the. Then, identify which of the five options your company will use to generate new growth.