A strategic analysis in a business plan typically includes the following: (four are correct)
A) Offering
B) Competition analysis
C) Market analysis
D) Milestone planning
E) Target group analysis
F) PESTEL analysis
G) Our unique value-creating components - value curve

Question

Quizplus · Accepted Answer

B) Competition analysis: This is a crucial aspect of a strategic analysis since it helps you understand your competitors, identify their strengths and weaknesses, and devise strategies that will help you differentiate yourself in the market.

C) Market analysis: This looks at the industry and market environment to help determine the target market, the size of the market, growth rates, consumer trends and preferences, competitive forces, distribution channels, and more.

F) PESTEL analysis: This looks at the macro-environmental factors, such as Political, Economic, Social, Technological, Environmental, and Legal, and analyzes how they may impact the business.

G) Our unique value-creating components - value curve: This helps identify the unique value proposition, strengths, and weaknesses of the business, how it creates value for customers, and how it differentiates itself from competitors.

A Strategic Analysis in a Business Plan Typically Includes the Following