for Strategy Analysis: Strategic business analysis happens immediately after identifying the strategic initiatives in strategic planning, and prior to creating the business case, conducting procurement, and implementation for a business program or project.(from A Guide to Strategic Business Analysis for Enabling Business Transformation, 2018, pp. 2)
Strategy analysis should be performed as a
business need is identified.(from BABOK V3, pp.99-100) When is the time to conduct strategy analysis?? What is Timing? A particular point or period of time when something happens. Also timing a critical element of implementation planning for change and improvement. “Timing is everything” What is Strategic Analysis? Strategic analysis is a process that involves researching an organization’s business environment within which it operates. Objectives: To determine the best time to create strategy analysis, To know what to do after the timing of strategy analysis, and To understand the different timing on conducting different types of strategy analysis. Analyze Current State. Define Future State. Assess Risks. Define Change Strategy. Timing for different types of Strategy Analysis: When is the Best time to Perform SWOT Analysis? Existing businesses can use a SWOT analysis to assess their current situation and determine a strategy to move forward. But, remember that things are constantly changing and you’ll want to reassess your strategy, starting with a new SWOT analysis every six to 12 months. When is the Best time to Use PESTLE Analysis? When launching a business. When you’re facing problems When your analyst is on the case The timing of Strategy Analysis