Stages of strategic balance analysis
Posted: Mon Dec 23, 2024 9:54 am
The methodology and stages of strategic balance sheet analysis are not always the same. For example, M. Lisinski proposes a division consisting of 3 stages. The first stage is the selection of a specific set of strategic resources. The second stage focuses on the evaluation of the activities of the company's functions. The third stage, in turn, deals with the identification of the organization's strengths and weaknesses.
The first step in carrying out a strategic balance sheet analysis is very important in the context of carrying out the study. The appropriate selection of resources or strategic areas indicates the specific strengths and advantages of the company. Thus, when examining the strategic potential of a company, it is necessary to identify not only the basic groups of resources, but also the functions of the organization's activities.
The second phase of the strategic balance analysis procedure belgium business email list should focus on a thorough evaluation of the above-mentioned business functions of the company based on the previously selected resources. The evaluation should be based on degrees of intensity. Most often this is a four- or five-point scale. The next step in this phase is to add up and calculate an arithmetic average based on the scores given above.
The third stage is aimed at identifying both the weak and strong points of the organization, using a comparison table that includes both positive and negative evaluations. Then, thanks to this table, we can determine the overall balance-evaluation of the company, which will allow us to determine its strategic changes and outline the direction in which our decisions regarding the company's future activity should go.
Summary
The strategic balance sheet of the company is a tool that not only allows us to thoroughly analyse our company, but also helps us to make business decisions that focus our attention on improving the company's operations. By optimising our company in this way, we can increase our profits or recover from the crisis that is affecting our company. However, it is important to remember that there is only one method of evaluation from which the appropriate conclusions must be drawn. The strategic balance sheet is such a complex tool that its application is very demanding, so we must take into account the rather high cost involved in carrying out an analysis of this type. In order for this analysis to be qualitative, we must hire high-level specialists to deal with this subject. Let us remember that the company's strategy is the basis, and the decisions we make can disrupt or reinforce this basis.
The first step in carrying out a strategic balance sheet analysis is very important in the context of carrying out the study. The appropriate selection of resources or strategic areas indicates the specific strengths and advantages of the company. Thus, when examining the strategic potential of a company, it is necessary to identify not only the basic groups of resources, but also the functions of the organization's activities.
The second phase of the strategic balance analysis procedure belgium business email list should focus on a thorough evaluation of the above-mentioned business functions of the company based on the previously selected resources. The evaluation should be based on degrees of intensity. Most often this is a four- or five-point scale. The next step in this phase is to add up and calculate an arithmetic average based on the scores given above.
The third stage is aimed at identifying both the weak and strong points of the organization, using a comparison table that includes both positive and negative evaluations. Then, thanks to this table, we can determine the overall balance-evaluation of the company, which will allow us to determine its strategic changes and outline the direction in which our decisions regarding the company's future activity should go.
Summary
The strategic balance sheet of the company is a tool that not only allows us to thoroughly analyse our company, but also helps us to make business decisions that focus our attention on improving the company's operations. By optimising our company in this way, we can increase our profits or recover from the crisis that is affecting our company. However, it is important to remember that there is only one method of evaluation from which the appropriate conclusions must be drawn. The strategic balance sheet is such a complex tool that its application is very demanding, so we must take into account the rather high cost involved in carrying out an analysis of this type. In order for this analysis to be qualitative, we must hire high-level specialists to deal with this subject. Let us remember that the company's strategy is the basis, and the decisions we make can disrupt or reinforce this basis.