Question

2. Why is a situation analysis important to determine strategic fit and anticipate strategic planning needs? What are the primary aspects of a situation analysis?

Answer 1

Importance of situational analysis in strategic fit :-

1. Situational analysis helps an organization to discover new opportunities in the environment to strengthen the organization.
2. The analysis identifies whether an organization has adequate resources to accomplish the determined goals and objectives.
3. Situational analysis determines which resource would be useful for completion of a particular objective for a strategic fit in an organization.

How situation analysis determine strategic planning needs :-

1. Situation analysis determines the priorities to determine the decision making process and these priorities are needed for a strategic planning.
2. Situation analysis provides sense to an organization regarding the need of planning and organizing the goals and that's when strategic planning is needed.
3. It also gives a sense to an organization regarding its daily decision making process where strategic planning is really necessary.

Primary aspects of a situation analysis :-

1. Situation analysis aims to make sure the business would survive in tough environment.
2. It also determines the positioning of an organization as well as it's products.
3. It identifies capabilities of an organization as well as it's potential customers.

Hope this helps :)