Cost Benefit Analysis: Definition and Steps
Cost benefit analysis is the process of comparing the costs and benefits of a business decision and is a popular model in the strategic planning toolset.
Tag: decision making
How Firms use VRIO Analysis to Obtain Competitive Advantages
VRIO analysis is a strategic planning tool for efficient decision making. VRIO refers to 4 criteria firms consider: Value, Rarity, Imitability,Organization.
Why Market Research is Important in Business Planning
Market Research is important because it helps make decisions that benefit the company and it’s the reason why so many types of analysis exist.
How CATWOE helps in Business Analysis and Decision Making
CATWOE, one of the best analytical tools for business stands for customers, actors, transformation process, worldview, owners and environmental constraints.