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1. Successful Strategic Planning with
Decision-making Tools and Techniques
Presented By – www.Tools4Management.com

2. What is Strategic Planning?
The process of developing a mission, a set of goals and
strategies, and then, incorporating the strategies to
accomplish the mission and goals is called strategic
planning.
Strategic planning helps in prioritizing activities, allocating
resources to the right direction and to fortify business
operations.

3. How Decision-making Tools &
Techniques Help in Decision-making?
Strategic planning involves making several vital decisions. It
is important to spot the right decision to be made,
evaluate the decision and at the same time, look for
viable alternatives.
Decision making tools and techniques come handy in the
pursuit of making effective strategic planning decisions.

4. c
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n
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Important Decision-
making Tools
SWOT Analysis:
This tool helps in evaluating the strengths (S) and weaknesses
(W) of a business, and to analyze the opportunities (O) and
threats (T) that a business comes across.
Pareto Analysis:
It aids in identifying the most important decision to be made by
defining the one which will generate the biggest impact.

5. Important Decision-
making Tools
Decision Tree:
You can mull over every aspect of a decision with this tool.
Decision Matrix:
It is one of the most important decision-making tools and
techniques. Decision Matrix helps in analysing each of the
options related to a decision, including the factors that will
generate most impact and the ones that will affect the
operations.

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