Frameworks for Strategy

Frameworks for strategy are structured approaches that help organizations define their goals and determine how to achieve them. These frameworks provide tools and methods to analyze the current situation, explore options, and make informed decisions. Common examples include SWOT analysis (assessing strengths, weaknesses, opportunities, and threats) and Porter’s Five Forces (analyzing industry competition). By using these frameworks, businesses can better understand their environment, identify challenges and opportunities, and create actionable plans to reach their objectives effectively. They serve as a roadmap for strategic planning and execution.