What are common tools used in strategy analysis?

The selection of SWOT analysis, PESTLE analysis, and Porter's Five Forces as common tools used in strategy analysis is well-founded because these frameworks provide a comprehensive understanding of the internal and external factors affecting an organization.

SWOT analysis focuses on identifying Strengths, Weaknesses, Opportunities, and Threats related to a business or project, enabling teams to leverage strengths and address weaknesses while identifying opportunities in the market and recognizing potential threats.

PESTLE analysis examines the Political, Economic, Social, Technological, Legal, and Environmental factors that can impact an organization. This holistic view allows strategists to understand the broader contextual landscape in which the business operates, helping them to anticipate changes and challenges.

Porter's Five Forces framework analyzes the competitive environment by assessing the factors that influence industry competition, including the threat of new entrants, bargaining power of suppliers and customers, the threat of substitute products, and the intensity of rivalry among existing competitors. This analysis helps organizations understand their competitive position and strategize accordingly.

By utilizing these tools together, businesses can effectively assess their strategic position, react to changes in the market, and develop robust strategies for future growth and competitiveness. This combination is more focused on strategic analysis compared to the other options, which either focus more on customer