What are the Industry Analysis Fundamentals for strategic planning?
What are the Competitive Analysis fundamentals?
For industry analysis fundamentals we can use SWOT analysis which is also known as Strength, weakness, opportunity and threats for the company according to the industry.
For strategic planning we mostly used swot analysis which tells us about what we are. What more can we do and what are the threats for the company and what are the things company should work on.
For new company we also use pestle analysis which tells us challenges for the company.
For competitive analysis fundamentals we can use porters five forces model which tells us about competition inside the industry.
Porters five forces model tells us about supplier bargaining power, customer bargaining power, threats of new entrants in the market and threats of substitutes of the products.
These things tells us about the competition inside the industry.