Final answer:
The five steps of strategically analyzing an organization include analyzing the problem, developing a strategy, considering the organization's size, clarifying goals with the 5 W's, and selecting and implementing a strategic design.
Step-by-step explanation:
Five Steps of Strategically Analyzing an Organization
To strategically analyze an organization through the framework of the strategic management process, five critical steps are typically followed.
These steps are necessary for a company to align its goals and objectives with its resources and capabilities.
The strategic management process is vital for businesses to anticipate and prepare for changes in the market, competition, or internal dynamics.
- Analyze the problem and identify what information is given. This includes understanding the current situation of the organization, examining internal resources, and recognizing external forces. Drawing up a time-line or using other visual tools can be helpful in this phase.
- Develop a strategy for solving the identified problems. This involves exploring possibilities, defining the problem, and generating ideas. Establishing clear criteria and constraints is essential to guide choices.
- Consider the size of the engineering firm or the specific organization as it can influence the strategic options available.
- Clarify the organization's goals using the 5 W's: Who is involved, What is to be accomplished, Where it needs to be done, When it needs to be completed, and Why it is being undertaken.
- Select a design for the preferred strategic approach and begin implementation. Analyze which of the organization’s strategies are most effective and organize analysis around these points.
Throughout these steps, it is crucial to maintain a clear focus on the organization’s objectives and to balance innovative thinking with practical constraints.
This ensures that the strategic management process will lead to decisions that are feasible and align with the core values and mission of the organization.