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Successful Strategic Planning with Decision-making Tools & Techniques

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Title: Successful Strategic Planning with Decision-making Tools & Techniques


1
Successful Strategic Planning with
Decision-making Tools and Techniques
  • Presented By www.Tools4Management.com

2
What is Strategic Planning?
  • The process of developing a mission, a set of
    goals and strategies, and then, incorporating the
    strategies to accomplish the mission and goals is
    called strategic planning.
  • Strategic planning helps in prioritizing
    activities, allocating resources to the right
    direction and to fortify business operations.

3
How Decision-making Tools Techniques Help in
Decision-making?
  • Strategic planning involves making several vital
    decisions. It is important to spot the right
    decision to be made, evaluate the decision and at
    the same time, look for viable alternatives.
  • Decision making tools and techniques come handy
    in the pursuit of making effective strategic
    planning decisions.

4
Important Decision-making Tools
  • SWOT Analysis
  • This tool helps in evaluating the strengths (S)
    and weaknesses (W) of a business, and to analyze
    the opportunities (O) and threats (T) that a
    business comes across.
  • Pareto Analysis
  • It aids in identifying the most important
    decision to be made by defining the one which
    will generate the biggest impact.

continued
5
Important Decision-making Tools
  • Decision Tree
  • You can mull over every aspect of a decision with
    this tool.
  • Decision Matrix
  • It is one of the most important decision-making
    tools and techniques. Decision Matrix helps in
    analysing each of the options related to a
    decision, including the factors that will
    generate most impact and the ones that will
    affect the operations.

6
CONTACT US
7
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