A flowchart is used to show the successive steps in a process. Such diagrams use a series of interrelated symbols to map the entire process, making the process easy to understand and helpful in communicating with others. Flowcharts can be used to explain the workings of a complex and/or abstract process, system, concept or algorithm. Flowcharting can also help to plan and develop processes, or improve existing processes.
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SWOT Analysis: Coca-Cola
SWOT analysis is the most common market analysis method used in business and academia to evaluate the internal strengths and weaknesses of a company as well as the opportunities and threats of external competitors through brainstorming. SWOT analysis represents Strength, Weakness, Opportunity and Threat. This analysis framework helps companies to assess their competitive position and formulate strategic plans.
Continue readingQuick Guide to SWOT Analysis
What is the SWOT analysis method? The SWOT anlysis is a situational analysis method based on the analysis of internal
Continue readingWhat is SWOT analysis? Take Nike’s SWOT analysis as an example
What is SWOT Analysis? SWOT consists of four aspects, starting with the first character of the word: ” Strengths”, “Weaknesses”,
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What is SWOT Analysis? SWOT Analysis (also known as strengths, weaknesses, opportunities and threats analysis) is the easiest way to
Continue readingStakeholder Analysis
Stakeholder Analysis is a project management tool. It helps to identify internal and external stakeholders that may influence or be influenced by the solutions proposed during the project implementation which an important process that successful people use to win support from others. Managing stakeholders can help you to ensure that your projects succeed where others might fail.
Continue readingWhat is a composite state in a UML state machine diagram?
A simple state is one which has no substructure. A state which has substates (nested states) is called a composite state. Substates may be nested to any level. A nested state machine may have at most one initial state and one final state. Substates are used to simplify complex flat state machines by showing that some states are only possible within a particular context (the enclosing state).
Continue readingSwiss Knife: Your visual competitive analysis toolbox
Strategic analysis is the core step of the strategic planning cycle. Every strategist should have a set of analytical model tools to deal with. However, there are many techniques and tools available for strategic analysis. If you search Google on the Internet, you will find many options available.
Continue readingWhat is the Relationship between System Context Diagram and DFD?
The context diagram shows the system considered as a single high-level process, and then shows the relationship of the system to other external entities (systems, organizational groups, external data stores, and so on). Another name for a context diagram is a context-level data flow graph or 0-level DFD.
Continue readingDevelop DFD with Stepwise Refinement
One of the effective way to solve a complex problem is to break it down into simpler sub-problems. You start by breaking down the whole task into simpler parts. Step-by-step refinement is essentially a decomposition of the system to gain insight into the subsystems that make up the system, known as the top-down decomposition method.
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