strategic planning tools

Strategic planning tools are methods used by organizations to analyze their environment, set goals, and develop strategies to achieve success. They help identify strengths, weaknesses, opportunities, and threats (SWOT analysis), prioritize actions, and allocate resources effectively. Common tools include frameworks like SWOT analysis, which examines internal and external factors; PESTEL analysis, which evaluates political, economic, social, technological, environmental, and legal influences; and Balanced Scorecards, which track performance from multiple perspectives. These tools provide a structured approach to making informed decisions, aligning team efforts, and adapting to changing circumstances for long-term success.