Situational Analysis
Difficulty: Beginner
Duration: 3 minutes and 43 seconds
Students: 2,965
Rating: 5/5
Every strategy should be built on solid research and a good awareness of the business in question, so it’s important that every business regularly takes a good look at where it’s at right now, and where it wants to be. In this lesson, we identify the distinction between a strategy and a tactic, explore how a business might undergo a situational analysis, and explain the necessity of setting clear and relevant objectives and goals.