Post a 225- to 300-word (3- to 4-paragraph) analysis of how an organization can use analytical tools to create value and develop a strategy to achieve and maintain competitive advantage. In your analysis, address the following:
What might the advantages be for a business of using SWOTT over SWOT analysis?
Are there any other aspects of the environmental analysis that would be important to consider that are not covered by SWOTT?
How can analytical tools be used to create value for an organization?
Why is it important to do such an in-depth environmental analysis before creating a strategy?
Thompson, A. A. (2018–2019). Strategy: Core concepts and analytical approaches (3rd ed.) [BSG electronic edition]. Burr Ridge, IL: McGraw-Hill Education.
Chapter 3, “Evaluating a Company’s External Environment” (pp. 32–62)
Chapter 4, “Evaluating a Company’s Resources and Ability to Compete Successfully” (pp. 64–88)