THE IBPS SO HR Business Policy and Strategic Analysis chapter consists of different points. All these points are mentioned in the PDF given below. Get a look at the PDF and start preparing another chapter for the IBPS SO HR Business Policy And Strategic Analysis.
PDF- Business Policy and Stategic Analysis
PDF- Business Policy and Stategic Analysis
IBPS SO HR Business Policy And Strategic Analysis
| Aspect | Details |
|---|---|
| Definition | Business Policy refers to the guidelines established for managerial decisions and actions. Whereas the Strategic Analysis is a process of analyzing internal & external environments to formulate strategy. |
| Key Elements | 1. Mission & Vision 2. Objectives 3. Environmental Scanning (SWOT, PESTEL) 4. Strategy Formulation 5. Strategy Implementation 6. Strategy Evaluation |
| Levels of Strategy | There are different levels of strategies which consist of the Corporate Level Strategy, Business Level Strategy and Functional Level Strategy. |
| Tools & Frameworks | – SWOT Analysis- PESTEL Analysis- Porter’s Five Forces- Value Chain Analysis- BCG Matrix- GE Matrix |
| Strategic Analysis Steps | 1. Analyze external environment 2. Analyze internal environment 3. Identify strategic issues 4. Formulate options 5. Select best strategy |
| Importance | It Provides the direction while working in an organisation . Moreover, it also improves the resource allocation. It also enhances competitive advantage and aids in risk management |
| Challenges | – Environmental uncertainty- Resistance to change- Implementation hurdles- Continuous monitoring required |
| Examples | – SWOT for a company- Using BCG Matrix for product portfolio- Porter’s Five Forces for industry analysis |
Business Policy and Strategic Analysis are different methods of an organisation. But they are closely related to each other. They help guide the organizations to set their long-term goals, establish plans, and make decisions to achieve goals. It is one of the most effective methods that is completed by the top authorities. Once the establishment of the policies is done, these goals are communicated to the employees. As they are the performers who perform the task and implement it in the workplace.
The purpose of business policy is that it acts as a blueprint for organizational behavior and ensures that decisions align with the company’s vision, values, and goals. Moreover, it provides direction to all levels of management by focusing on the long term. It is one of the methods performed at the top-level management. Further, this helps in influencing the business and processing the decision-making steps.
Importance of Business Policy & Strategic Analysis
| Reason | Explanation |
|---|---|
| Guides Decision-Making | It ensures consistency in managerial decisions across different departments of an organisation. |
| Organizational Goals | It ensures every action must contributes to the mission and vision |
| Controls Managerial Actions | It sets the limits to avoid deviation from core principles |
| Enhances Coordination | Standard policies simplify collaboration and communication |
Steps in Strategic Analysis
There are different steps involved in the strategic policy. It consists of the following steps. Check out and learn the different steps involved in the strategic policy.
1. Environmental Scanning
It gathers the data about the market, competition, and industry trends.
2. Internal Analysis
It does the internal analysis of strengths, weaknesses, resources, and capabilities of an organisation.
3. External Analysis
It also helps in examining the different opportunities and threats related to the outside organisation.
4. Strategy Formulation
It helps develop the plans to achieve objectives based on analysis.
5. Strategy Implementation
It helps execute the chosen strategy via operational plans and evaluates the performance by monitoring the outcomes.
Difference Between Business Policy & Strategic Analysis
| Base of Difference | Business Policy | Strategic Analysis |
|---|---|---|
| Definition | It is a set of guiding principles or rules | It is an evaluation process of internal and external environments |
| Focus | The main focus is on the Governance and decision-making consistency | It specifically focuses on strategic planning and decision support |
| Time Frame | It is a long-term, and ongoing process | It is often done at key decision points or planning intervals |
| Scope | The scope of the business policy is broad, and it covers the entire organization | It is specific to strategic initiatives or issues |
Related:
- IBPS SO HR Principles And Theories of Management- Detailed PDF 2025
- IBPS SO MARKETING Chapter Brand Management
- IBPS SO HR Chapter- Human Resource Management
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