A variety of tools and techniques can be employed in a business assessment, including:
- SWOT Analysis: Identifies strengths, weaknesses, opportunities, and threats. - PEST Analysis: Evaluates external factors like political, economic, social, and technological influences. - Balanced Scorecard: Measures performance across financial, customer, internal processes, and learning and growth perspectives. - KPIs: Key Performance Indicators help in tracking performance against strategic goals. - Benchmarking: Comparing performance metrics with those of leading companies in the industry.