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Learn about the concept, process and tools of strategic management, which involves formulating and implementing the major goals and initiatives of an organization based on its environment and resources. Explore different types, models and frameworks of strategy, as well as the role of strategic planning and thinking.
SWOT analysis is a decision-making technique that identifies the strengths, weaknesses, opportunities, and threats of an organization or project. It is used in strategic planning, marketing, crisis management, and other fields to evaluate the strategic position and identify competitive advantages.
A best practice is a method or technique that has been generally accepted as superior to alternatives because it tends to produce superior results. Learn about the different uses of best practice in public policy, health and human services, and other fields, and how to distinguish it from evidence-based practices.
BPMN is a graphical representation for specifying business processes in a business process model. It provides a notation that is intuitive to business users, yet able to represent complex process semantics, and maps to execution languages such as BPEL.
Situation analysis is a collection of methods that managers use to analyze an organization's internal and external environment. It can include 5C analysis, SWOT analysis, Porter's five forces analysis and other tools to understand the organization's capabilities, customers and business environment.
Strategic thinking is a mental process of generating and applying unique insights and opportunities to create competitive advantage for an organization. Learn how strategic thinking differs from strategic planning, how to develop strategic foresight, and what tools and techniques to use for strategic thinking.
Hoshin Kanri is a 7-step process of strategic planning that originated from post-war Japan and spread to the U.S. and around the world. It involves setting and communicating strategic goals, breaking them down into smaller goals, and measuring performance with a catchball system and a Hoshin Kanri Matrix.
Business process modeling is the action of capturing and representing processes of an enterprise, so that they can be analyzed, improved, and automated. It is one discipline of business process management, which also includes process analysis, design, performance measurement, and transformation.