About This Chapter
Strategic Alignment - Chapter Summary
This chapter has been constructed specifically to help you familiarize yourself with the concept of strategic alignment. These lessons each address different aspects of the topic, giving you a thorough overview of key phrases, vocabulary words, concept applications, and more. After you make your way through this chapter, you will be ready to:
- Describe and measure organizational strategic goals
- Identify prioritization strategies for portfolio management planning
- Analyze potential and existing portfolio components
- Check out the methods and process of business analysis
- Compare options analysis and SWOT analysis
- Examine the purpose and elements of financial statement analysis
- Explain techniques for risk analysis plans for businesses
- Point out how to use what-if analysis
- Recommend portfolio scenarios
- Design a portfolio roadmap
Our instructors know that you need to go over this information in preparations for an upcoming exam, so they have designed each lesson around your goals. Most lessons can be completed in around 5-10 minutes. Each lesson contains with only the most pertinent and valuable information necessary for you to master this topic. You can test your knowledge with practice quizzes and the chapter exam to see what material you know and what you might need to work on further.
1. Identifying & Evaluating Organizational Strategic Goals
The lesson will address several different methods used to obtain organizational information that can be used to identify and evaluate the relationship between organizational strategic goals and the overall strategic goals of an organization.
2. Portfolio Management Planning: Prioritization & Analysis
Very few organizations have enough resources to meet the immediate needs of everything in a portfolio. This lesson provides ideas for a systematic approach to prioritizing elements in the portfolio.
3. Identifying Existing & Potential Portfolio Components
In order to ensure that current and proposed projects align with business goals, we need a standard process for project portfolio review. This lesson will describe steps you can take to ensure organizational fit of current and proposed projects.
4. What Is Business Analysis? - Process, Methods & Example
In this lesson, you will learn how companies use the concepts of business analysis to resolve problems and change business processes. We will also learn about specific methods and techniques that can be used when conducting a business analysis.
5. What Is an Options Analysis?
The best business decisions are the most informed ones. This lesson outlines how leaders can perform a systematic options analysis to better inform their decisions.
6. What is a SWOT Analysis?
In the business world, as in many other places, decisions aren't made lightly. Rather, management spends a long time considering the pros and cons of every choice. This lesson will teach you about one of the key ways they do that, the SWOT analysis.
7. Financial Statement Analysis: Definition, Purpose, Elements & Examples
In this lesson, we'll define financial statement analysis and discuss the main categories. You'll also learn how to calculate a financial ratio in each category and analyze the results.
8. Risk Analysis Plans for Businesses: Techniques & Examples
In the universe of business, risk is an everyday reality. At some point in your career, you will need to make a business decision that involves risk. In this course, we will examine how you can use risk analysis tools to help you effectively deal with risks.
9. What is What-If Analysis? - Definition & Examples
In this lesson, we'll learn about what-if analysis. We'll define the term and apply it to a few examples. The lesson will conclude with a summary and a quiz.
10. Making Rational Trade-Offs in Business Decisions
Making business decisions is not always an easy yes or no. In this lesson, we'll learn that the best decisions usually involve giving up some things. Many times, there will be goals that are partially met.
11. Payoff Matrix in Economics: Theory & Examples
In this lesson, you'll define what a payoff matrix is, learn how a payoff matrix is built, and understand how to read each part of the payoff matrix. You'll also determine how to apply your knowledge of the payoff matrix to predict the actions of others.
12. Variances in Budgets: Definition, Calculations & Analysis
What are variances in budgets, and why do we calculate them? In this lesson, we discuss what they are, why we care about them, and how to analyze variances in our own reports to obtain information we can use to improve our results.
13. How to Recommend Portfolio Scenarios
Companies need to be flexible and dynamic in a constantly changing business environment. This lesson illustrates a systematic method that will identify solid portfolio recommendations.
14. Building a Portfolio Roadmap
A company is often faced with many potential projects. But how do they know which ones to choose? In this lesson we will learn how a company and stakeholders work together to use a portfolio roadmap.
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