Steps of Business Strategic Framework

Steps of Business Strategic Framework:

Step 1 :
Set up Organizational Mission

Step 2:
Set up Organizational Objectives

Step 3:
Internal Analysis - Resource Analysis, Competencies Analysis, Porter's Value Chain

Step 4:
External Analysis - PESTEL Analysis, Porter's Five Forces Model

Step 5:
SWOT Analysis (Strength, Weakness, Opportunities and Threats)

Step 6:
Evaluation Strategic Option

Step 7:
Selection of best alternative Course of Action

Step 8:
Implementation of Strategic Choose

Step 9:
Review and Control.