Tag Archives: factor

SWOT Analysis Template

The aim of SWOT analysis is to understand the internal and external factors influencing the performance of a business, now and in the future. SWOT simply stands for Strengths, Weaknesses, Opportunities, and Threats. The outcome of any SWOT analysis workshop should provide the basis for further analysis and action. It should allow the business to capitalize on the strengths, take advantage of the opportunities, while minimizing the impact of the weaknesses and threats.

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PESTLE Analysis Template

The aim of PESTLE analysis is to understand how macro-environmental factors affect the performance of an organization, then take appropriate actions to adapt to the changing environment. It brings together six external perspectives that serve as useful input into the strategic planning process of an organization. These six perspectives are: Political, Economic, Social, Technological, Legal, and environmental external factors.

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PEST Analysis

PEST Analysis

PEST analysis is a strategic and structured tool for evaluating the external environment of an organization. It allows any organization to understand the macro-environmental factors that affect its performance and its ability to grow. The aim is to understand how those external factors will affect the business, then take appropriate actions to adapt to the changing environment. PEST analysis is often linked with SWOT analysis, and both tools complement each other and are often used together.

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What is a Process

What is a Process

The products and services delivered by any organization are the result of processes. Any business activity whether it is industrial, commercial or service-oriented can be considered as a process. Managing these processes is a key to success for any organization. A process can be defined is a set of steps designed to produce a product or service to add value to a customer. It starts with a business goal and ends with the achievement of the that goal.

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Scatter Diagram

Scatter Plot

Many situations require the investigating whether a relationship exists between two or more variables. A line manager, for example, may want to check the relationship between the number of training hours and employee productivity, or if the number of defects is a function of the experience of the person causing it. A call center manager may be interested in studying the relationship between the number of people working on a shift and the average answer time.

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Process Mapping

Process Mapping

A process map is a graphical representation that illustrates the sequence of activities within a business process. It represents these activities in a step by step manner to help understanding how a product is made or how a service is carried out. Process maps are simple ways of making sense of what is happening or must happen within a process. They allow to know how exactly an organization does its work, and how well it is performing in accordance with its objectives.

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