Strategic planning begins with asking the right questions—and choosing the right framework. Two of the most popular tools are SWOT analysis and the SOAR framework. While both help align your team and guide decision-making, they serve different purposes.
When planning a project, it is important to learn about the internal and external environmental factors that can affect the project. There are some excellent strategic planning methods that you can use to analyze all these factors. PEST analysis and SWOT analysis are two of the most frequently used planning methods. Below is a brief introduction to both methods, how to use Creately’s AI templates to perform each analysis and a comparison of the two.
Have you ever considered how the world around us impacts the decisions we make in business? It’s not just about what’s happening within our company, but also about the external factors shaping our strategies. That’s where macro environmental analysis steps in. It helps us grasp the broader context of our operating environment, identifying both opportunities and threats. Consider it a vital tool in strategic planning.
Artificial intelligence (AI) is undoubtedly a game changer you can use to transform your business. In the ever-changing business world, leveraging AI to generate marketing intelligence will help you achieve your strategic goals faster and more efficiently.
SWOT analysis is used across industries to measure Strengths, Weaknesses, Opportunities and Threats of a business venture. Although it’s mainly used to assess business ventures, it can also be easily used to measure almost anything that is influenced by external and internal factors. Now that you know what a SWOT analysis is, let’s look at why you should use them and how to use them.