7.1: Biblical Insight
Applying the Bible to Business
In this chapter, we will explore the subject of "strategic analysis" by understanding the current comparative environment. Senior leaders have the responsibility of guiding their company into a strong and successful financial future. One of the major ways this is accomplished is through strategic planning. Proverbs 24:6 states, “Strategic planning is the key to warfare; to win, you need a lot of good counsel” (MSG). In other words, to win in business you need strategic planning based on knowledge and insight from others.
This week challenge yourself to focus on gaining "good counsel and insight" from management experts who developed foundational concepts in Business Management. For example, in this chapter, we will look at Harvard Professor, Micheal Porter's work. Porter introduced the SWOT analysis which equips leaders to understand a company’s strengths, weaknesses, opportunities, and threats. This is an important tool that assists leaders with vital information to develop effective strategic planning.