rapid-framework

RAPID Framework In A Nutshell

The RAPID framework is a tool used to help businesses make important decisions. The RAPID framework was developed by global consultancy firm Bain & Company, which noted that “high-quality decision-making and strong performance go hand in hand.

ElementDescription
Concept OverviewThe RAPID Framework is a decision-making and responsibility assignment model used to clarify roles and responsibilities in organizations, particularly for decision-making processes. It ensures that individuals involved in a decision understand their roles and levels of participation, enhancing decision quality and efficiency.
R – Recommend“R” stands for Recommend, and it refers to individuals who recommend a specific decision or course of action. These individuals provide input and analysis to inform the decision-making process. They evaluate options and propose a recommended choice.
A – Agree“A” represents Agree, and it pertains to those who must agree to and support the decision. Their role is to express support for the recommended decision, and they may have veto power if necessary. Their agreement is crucial for moving forward with the decision.
P – Perform“P” denotes Perform, and it involves individuals responsible for executing and implementing the decision. They are tasked with putting the decision into action and ensuring that the chosen course is executed effectively and efficiently.
I – Input“I” represents Input, and it refers to stakeholders who should be consulted before making the decision. Their role is to provide valuable insights, information, or feedback that can influence the recommendation or final decision. Their input is considered in the decision-making process.
D – Decide“D” stands for Decide, and it represents the individual or group with the authority to make the final decision. They have the ultimate responsibility for choosing the course of action based on recommendations, agreements, and input from others.
ImplicationsThe RAPID Framework has significant implications for decision-making processes within organizations. It helps: – Clarify roles: Clearly define who does what in the decision-making process. – Speed up decisions: Streamline decision-making by assigning responsibilities. – Improve accountability: Ensure accountability for outcomes. – Enhance transparency: Make decision processes more transparent and inclusive. – Reduce conflicts: Minimize conflicts arising from unclear roles.
Benefits– Clarity: Ensures clarity regarding who is responsible for what in the decision-making process. – Efficiency: Streamlines decision-making by assigning roles and responsibilities. – Accountability: Enhances accountability for decisions and their outcomes. – Inclusivity: Encourages input and participation from relevant stakeholders. – Conflict Resolution: Helps resolve conflicts that may arise due to unclear roles.
Drawbacks– Complexity: In complex organizations, assigning roles can be challenging and may lead to confusion. – Time-Consuming: Implementing the RAPID Framework may require time and effort. – Resistance: Team members may resist changes to established decision-making processes. – Rigidity: It may not be suitable for all types of decisions or organizations and could be seen as overly prescriptive.
Use CasesThe RAPID Framework is applied in various organizational contexts to improve decision-making processes. It is particularly valuable: – In large organizations with complex decision-making structures. – When there is a need to reduce decision-making bottlenecks. – When roles and responsibilities are unclear, leading to inefficiencies. – When transparency and accountability are critical for decision outcomes. – In cross-functional teams and projects requiring collaboration.

Understanding the RAPID framework

Nevertheless, clear and well-defined decision-making processes in many organizations are impeded by uncertainty over roles or responsibilities.

This causes wasted time, confusion, frustration, and ultimately, failure.

To address this issue, Bain & Company developed a tool to help clarify decision-making accountability.

It is loosely based on the acronym RAPID which is based on five key roles that must be assumed when making any decision:

Recommend (R) the decision or action

Who is the person or group of people responsible for recommending an action as part of an expected outcome?

Agree (A) to the decision or action

Who is the person or group of people tasked with agreeing to a decision?

This might include customers, suppliers, stakeholders, department heads, or key executives.

If a decision is not fully supported, this should be reflected in the final proposal.

Perform (P) the action item

This role encompasses those tasked with carrying out the action.

This role must be staffed with relevant knowledge and expertise.

Input (I) Who will provide factual input

To a recommendation to generate support from employees?

Depending on the ease of implementation and chance of success, this input may or may not be reflected in the final proposal.

Decide (D) to make the decision

Importantly, the decision must be made by a single person – referred to as the decision owner.

If a business feels the need to involve multiple people in a decision, then it may benefit from splitting a project into smaller parts.

RAPID framework best practices

If nothing else, the RAPID framework requires patience, discipline, and practice. It also requires discerning judgment since not every decision will be suited to a rigorous evaluation process.

With that said, here are a few tips for using the framework:

Key roles must be filled before a decision is required

If key personnel identify that the RAPID framework is applicable, each of the five key roles must be filled before a decision is required.

These people must then be notified of their responsibilities as a matter of priority.

Inputs and agreements are clearly defined

Ensure recommendations, inputs, and agreements are clearly defined.

To help avoid confusion, clarify the level of input each role is providing and also the context it is provided in.

Useful for larger organizations and more complex projects

While the RAPID framework is useful for larger organizations or projects with added complexity, businesses must avoid using it for every single decision.

Overuse can cause efficiency problems the framework was trying to solve in the first place.

Benefits of the RAPID framework 

Some of the benefits of the RAPID framework include:

Thoughtful decision-making

Many decision-makers benefit from a systematic and logical decision-making process.

It forces them to slow down and give greater accountability to those most deserving of it.

With the most qualified people involved, the less qualified are excluded as a natural consequence.

Increased buy-in

Many assume excluded staff are somehow less invested in the decision as a result.

However, the reverse is true when there is some degree of transparency.

As staff understand who is involved in making the decision and what the process entails, they become more engaged and supportive. 

High-quality recruiting

The increase in clarity also has ramifications for the recruitment process.

The RAPID framework allows recruiters to clearly define the authority and responsibility an interviewee would have in the company if successful.

This allays concerns regarding decision-making scope and the pre-existing chain of command.

Higher impact decisions

Perhaps an obvious benefit, but one that is worth mentioning.

Businesses that make better decisions generally make higher impact decisions that help them achieve their goals more effectively.

RAPID vs. RACI

RACI
A RACI matrix is used to assign and then display the various roles and responsibilities in a project, service, or process. It is similar to the RASCI Responsibility Matrix, yet it misses the “S” which is the support function. This might be useful in less complex organizations, where it’s more important to establish the people responsible and accountable for the projects and where the support function is less relevant.

Whereas the RAPID framework is primarily a tool for decision-making within organizations.

The RACI framework is a tool to define responsibilities and accountability over internal projects within the organization to make those projects more effective through four elements:

Case Studies

New Product Development:

  • Recommend (R): The product development team recommends new product features and enhancements.
  • Agree (A): Key stakeholders, including marketing, sales, and finance, must agree on the proposed changes.
  • Perform (P): Developers and designers are responsible for implementing the recommended features.
  • Input (I): Customer feedback and market research provide valuable input into feature recommendations.
  • Decide (D): The product manager serves as the decision owner, making the final call on feature implementation.

Strategic Expansion:

  • Recommend (R): The strategy team recommends entering a new market or launching a new business unit.
  • Agree (A): Top executives and the board of directors must agree to the strategic expansion plan.
  • Perform (P): Operations and marketing teams execute the expansion strategy.
  • Input (I): Market research, competitive analysis, and financial projections provide input into the recommendation.
  • Decide (D): The CEO or chief strategy officer serves as the decision owner, making the final decision on strategic expansion.

IT System Upgrade:

  • Recommend (R): The IT department recommends upgrading the organization’s core software systems.
  • Agree (A): Department heads and end-users need to agree to the upgrade plan.
  • Perform (P): IT professionals perform the software upgrade tasks.
  • Input (I): User feedback and IT assessments provide input into the upgrade recommendation.
  • Decide (D): The CIO or IT director serves as the decision owner, making the final decision on the upgrade.

Marketing Campaign Launch:

  • Recommend (R): The marketing team recommends launching a new advertising campaign.
  • Agree (A): The campaign plan must be agreed upon by marketing, sales, and executive leadership.
  • Perform (P): Marketers and creative teams execute the campaign.
  • Input (I): Customer insights, market trends, and competitive analysis provide input into campaign recommendations.
  • Decide (D): The Chief Marketing Officer (CMO) serves as the decision owner, making the final decision on the campaign.

HR Policy Change:

  • Recommend (R): The HR department recommends changing a company policy.
  • Agree (A): The HR policy change must be agreed upon by HR leadership, legal, and employees.
  • Perform (P): HR professionals implement the policy change.
  • Input (I): Employee feedback, legal considerations, and industry best practices provide input into policy recommendations.
  • Decide (D): The Chief Human Resources Officer (CHRO) serves as the decision owner, making the final decision on the policy change.

Software Development Project:

  • Recommend (R): The software development team recommends adopting a new programming language for a project.
  • Agree (A): Key stakeholders, including project managers, developers, and architects, must agree to the language choice.
  • Perform (P): Developers with expertise in the chosen language are responsible for coding.
  • Input (I): Technical experts provide input based on language capabilities and project requirements.
  • Decide (D): The project manager serves as the decision owner, making the final call on the language selection.

Cybersecurity Response Plan:

  • Recommend (R): The cybersecurity team recommends implementing a new incident response plan.
  • Agree (A): IT leadership, legal, and compliance teams must agree to the plan.
  • Perform (P): The cybersecurity team is responsible for executing the incident response plan.
  • Input (I): Threat intelligence, risk assessments, and regulatory guidelines provide input into the plan.
  • Decide (D): The Chief Information Security Officer (CISO) serves as the decision owner, making the final decision on the plan.

Product Roadmap Prioritization:

  • Recommend (R): Product managers recommend the priority order of features in the product roadmap.
  • Agree (A): Cross-functional teams, including engineering, design, and marketing, must agree on the feature priorities.
  • Perform (P): Development and design teams implement the chosen features.
  • Input (I): User feedback, market analysis, and technical constraints provide input into feature prioritization.
  • Decide (D): The Head of Product serves as the decision owner, making the final decision on the roadmap.

Cloud Migration Strategy:

  • Recommend (R): IT infrastructure teams recommend a strategy for migrating on-premises servers to the cloud.
  • Agree (A): IT leadership, finance, and compliance teams must agree to the migration plan.
  • Perform (P): Cloud architects and IT teams execute the migration.
  • Input (I): Cost-benefit analysis, security assessments, and scalability considerations provide input into the migration strategy.
  • Decide (D): The Chief Information Officer (CIO) serves as the decision owner, making the final decision on the migration approach.

Product Launch Go/No-Go Decision:

  • Recommend (R): The product team recommends whether to proceed with a scheduled product launch.
  • Agree (A): Marketing, sales, and executive leadership must agree on the launch decision.
  • Perform (P): Marketing and sales teams execute the launch plan or hold off.
  • Input (I): Market research, competitive analysis, and pre-launch customer feedback provide input into the recommendation.
  • Decide (D): The CEO or Chief Product Officer (CPO) serves as the decision owner, making the final launch decision.

Key takeaways

  • The RAPID framework is a tool used by businesses to help them make better decisions. It was developed by consultancy firm Bain & Company.
  • The RAPID framework is based on an acronym of five key decision-making roles. Each role may be assigned to an individual or group of people.
  • The systemic nature of the RAPID framework forces decision-making to slow down and become more insightful. It also increases employee buy-in for those not directly involved in the process. Lastly, the framework encourages high-impact decision-making enabling goals to be achieved more quickly.

Key Highlights

  • RAPID Framework Overview: The RAPID framework, developed by Bain & Company, aids businesses in making effective decisions by clarifying decision-making roles and responsibilities.
  • Addressing Decision-Making Challenges: Many organizations face challenges in decision-making due to unclear roles. This leads to wasted time and failures. The RAPID framework helps clarify accountability.
  • Five Key Decision-Making Roles (RAPID):
    • Recommend (R): Individuals or groups suggesting a decision or action.
    • Agree (A): Parties who must agree to the decision, such as customers, stakeholders, or executives.
    • Perform (P): Those responsible for executing the decision, possessing relevant expertise.
    • Input (I): Providers of factual input to support recommendations.
    • Decide (D): A single decision owner responsible for making the final decision.
  • Best Practices for RAPID Framework:
    • Assign key roles before decision-making is required.
    • Clearly define recommendations, inputs, and agreements.
    • Utilize the framework for larger organizations and complex projects.
    • Avoid overuse to maintain efficiency.
  • Benefits of the RAPID Framework:
    • Thoughtful Decision-Making: Encourages systematic, accountable, and qualified decision-making.
    • Increased Buy-In: Transparency about decision roles fosters engagement and support.
    • High-Quality Recruiting: Clearly defines authority and responsibility for potential hires.
    • Higher Impact Decisions: Improved decision-making leads to more impactful outcomes.
  • RAPID vs. RACI:
    • RAPID Framework: Primarily for decision-making, assigning roles like Recommend, Agree, Perform, Input, and Decide.
    • RACI Matrix: Assigns roles and responsibilities (Responsible, Accountable, Consulted, Informed) for projects, services, or processes.
  • Key Takeaways:
    • The RAPID framework enhances decision-making by clarifying roles.
    • RAPID roles include Recommend, Agree, Perform, Input, and Decide.
    • RAPID leads to thoughtful decisions, increased buy-in, better recruiting, and higher-impact decisions.
Companion FrameworksDefinitionFocusApplication
RAPID FrameworkThe RAPID Framework is a decision-making and execution model that defines roles and responsibilities within organizations. RAPID stands for Recommend, Agree, Perform, Input, and Decide. Each letter represents a specific role in the decision-making process: Recommend (offers recommendations), Agree (provides approval or agreement), Perform (implements decisions), Input (provides necessary information), and Decide (makes the final decision).Focuses on clarifying decision-making roles and responsibilities within organizations to streamline decision processes, improve accountability, and enhance execution efficiency.Decision-making, Organizational Effectiveness, Process Improvement
DACI Decision-Making FrameworkThe DACI Framework, similar to RAPID, defines roles and responsibilities in decision-making processes. DACI stands for Driver, Approver, Contributor, and Informed. Each role represents a specific responsibility: Driver (leads the decision-making process), Approver (provides final approval), Contributor (provides input or expertise), and Informed (receives updates or information).Focuses on assigning clear roles and responsibilities in decision-making processes to ensure transparency, accountability, and effective communication among stakeholders.Decision-making, Stakeholder Engagement, Accountability
Eisenhower MatrixThe Eisenhower Matrix, also known as the Urgent-Important Matrix, is a time management and productivity tool that categorizes tasks based on their urgency and importance. It divides tasks into four quadrants: Important and Urgent, Important but Not Urgent, Urgent but Not Important, and Not Urgent and Not Important. The Eisenhower Matrix helps prioritize tasks and focus attention on activities aligned with strategic goals.Focuses on prioritizing tasks based on their urgency and importance to increase productivity, manage time effectively, and focus efforts on activities that contribute to long-term goals and strategic objectives.Time Management, Task Prioritization, Productivity Improvement
GROW ModelThe GROW Model is a coaching and performance management framework used to facilitate personal and professional development. GROW stands for Goal, Reality, Options, and Will. It involves guiding individuals through a structured process of setting goals, assessing current reality, exploring options, and committing to specific actions or strategies to achieve their objectives.Focuses on empowering individuals to set and achieve their goals by providing a structured framework for goal setting, self-assessment, exploration of options, and commitment to action.Coaching, Performance Management, Personal Development
Eight Disciplines (8D) ModelThe Eight Disciplines (8D) Model is a problem-solving methodology used to identify, resolve, and prevent recurring issues or defects in products or processes. It involves eight steps: Establish the Team, Define the Problem, Develop Interim Containment Actions, Determine Root Causes, Develop Permanent Corrective Actions, Implement Corrective Actions, Prevent Recurrence, and Recognize Team Effort.Focuses on systematically addressing problems or defects by establishing cross-functional teams, identifying root causes, implementing corrective actions, and preventing recurrence through continuous improvement efforts.Problem Solving, Quality Management, Continuous Improvement
DMAIC MethodologyDMAIC (Define, Measure, Analyze, Improve, Control) is a data-driven problem-solving methodology used in Six Sigma and process improvement initiatives. DMAIC guides teams through five phases: Define the problem, Measure process performance, Analyze root causes, Improve process performance, and Control process to sustain improvements.Focuses on improving processes and reducing variation by defining problems, measuring performance, analyzing root causes, implementing solutions, and maintaining improvements through control measures.Process Improvement, Six Sigma, Quality Management
PDCA CycleThe PDCA (Plan-Do-Check-Act) Cycle, also known as the Deming Cycle or Shewhart Cycle, is a continuous improvement methodology used to solve problems, optimize processes, and drive organizational change. PDCA involves four stages: Plan (identify objectives and plan actions), Do (implement planned actions), Check (monitor and evaluate results), and Act (adjust and improve processes based on feedback).Focuses on iterative problem-solving and improvement by planning, executing, evaluating, and adjusting actions to achieve desired outcomes and drive continuous learning and refinement.Continuous Improvement, Problem Solving, Quality Management
Business Process Reengineering (BPR)Business Process Reengineering (BPR) is a strategic management approach aimed at redesigning and optimizing business processes to achieve dramatic improvements in performance, efficiency, and customer satisfaction. BPR involves analyzing existing processes, rethinking workflows, and implementing radical changes to achieve breakthrough results.Focuses on fundamentally redesigning business processes to achieve significant improvements in efficiency, quality, and customer satisfaction through radical changes and innovations in workflow and operations.Process Optimization, Performance Improvement, Organizational Transformation

What are the five elements of the RAPID Framework?

What are the best practices for the RAPID Framework?

What are the benefits of the RAPID Framework?

Connected Analysis Frameworks

Failure Mode And Effects Analysis

failure-mode-and-effects-analysis
A failure mode and effects analysis (FMEA) is a structured approach to identifying design failures in a product or process. Developed in the 1950s, the failure mode and effects analysis is one the earliest methodologies of its kind. It enables organizations to anticipate a range of potential failures during the design stage.

Agile Business Analysis

agile-business-analysis
Agile Business Analysis (AgileBA) is certification in the form of guidance and training for business analysts seeking to work in agile environments. To support this shift, AgileBA also helps the business analyst relate Agile projects to a wider organizational mission or strategy. To ensure that analysts have the necessary skills and expertise, AgileBA certification was developed.

Business Valuation

valuation
Business valuations involve a formal analysis of the key operational aspects of a business. A business valuation is an analysis used to determine the economic value of a business or company unit. It’s important to note that valuations are one part science and one part art. Analysts use professional judgment to consider the financial performance of a business with respect to local, national, or global economic conditions. They will also consider the total value of assets and liabilities, in addition to patented or proprietary technology.

Paired Comparison Analysis

paired-comparison-analysis
A paired comparison analysis is used to rate or rank options where evaluation criteria are subjective by nature. The analysis is particularly useful when there is a lack of clear priorities or objective data to base decisions on. A paired comparison analysis evaluates a range of options by comparing them against each other.

Monte Carlo Analysis

monte-carlo-analysis
The Monte Carlo analysis is a quantitative risk management technique. The Monte Carlo analysis was developed by nuclear scientist Stanislaw Ulam in 1940 as work progressed on the atom bomb. The analysis first considers the impact of certain risks on project management such as time or budgetary constraints. Then, a computerized mathematical output gives businesses a range of possible outcomes and their probability of occurrence.

Cost-Benefit Analysis

cost-benefit-analysis
A cost-benefit analysis is a process a business can use to analyze decisions according to the costs associated with making that decision. For a cost analysis to be effective it’s important to articulate the project in the simplest terms possible, identify the costs, determine the benefits of project implementation, assess the alternatives.

CATWOE Analysis

catwoe-analysis
The CATWOE analysis is a problem-solving strategy that asks businesses to look at an issue from six different perspectives. The CATWOE analysis is an in-depth and holistic approach to problem-solving because it enables businesses to consider all perspectives. This often forces management out of habitual ways of thinking that would otherwise hinder growth and profitability. Most importantly, the CATWOE analysis allows businesses to combine multiple perspectives into a single, unifying solution.

VTDF Framework

competitor-analysis
It’s possible to identify the key players that overlap with a company’s business model with a competitor analysis. This overlapping can be analyzed in terms of key customers, technologies, distribution, and financial models. When all those elements are analyzed, it is possible to map all the facets of competition for a tech business model to understand better where a business stands in the marketplace and its possible future developments.

Pareto Analysis

pareto-principle-pareto-analysis
The Pareto Analysis is a statistical analysis used in business decision making that identifies a certain number of input factors that have the greatest impact on income. It is based on the similarly named Pareto Principle, which states that 80% of the effect of something can be attributed to just 20% of the drivers.

Comparable Analysis

comparable-company-analysis
A comparable company analysis is a process that enables the identification of similar organizations to be used as a comparison to understand the business and financial performance of the target company. To find comparables you can look at two key profiles: the business and financial profile. From the comparable company analysis it is possible to understand the competitive landscape of the target organization.

SWOT Analysis

swot-analysis
A SWOT Analysis is a framework used for evaluating the business’s Strengths, Weaknesses, Opportunities, and Threats. It can aid in identifying the problematic areas of your business so that you can maximize your opportunities. It will also alert you to the challenges your organization might face in the future.

PESTEL Analysis

pestel-analysis
The PESTEL analysis is a framework that can help marketers assess whether macro-economic factors are affecting an organization. This is a critical step that helps organizations identify potential threats and weaknesses that can be used in other frameworks such as SWOT or to gain a broader and better understanding of the overall marketing environment.

Business Analysis

business-analysis
Business analysis is a research discipline that helps driving change within an organization by identifying the key elements and processes that drive value. Business analysis can also be used in Identifying new business opportunities or how to take advantage of existing business opportunities to grow your business in the marketplace.

Financial Structure

financial-structure
In corporate finance, the financial structure is how corporations finance their assets (usually either through debt or equity). For the sake of reverse engineering businesses, we want to look at three critical elements to determine the model used to sustain its assets: cost structure, profitability, and cash flow generation.

Financial Modeling

financial-modeling
Financial modeling involves the analysis of accounting, finance, and business data to predict future financial performance. Financial modeling is often used in valuation, which consists of estimating the value in dollar terms of a company based on several parameters. Some of the most common financial models comprise discounted cash flows, the M&A model, and the CCA model.

Value Investing

value-investing
Value investing is an investment philosophy that looks at companies’ fundamentals, to discover those companies whose intrinsic value is higher than what the market is currently pricing, in short value investing tries to evaluate a business by starting by its fundamentals.

Buffet Indicator

buffet-indicator
The Buffet Indicator is a measure of the total value of all publicly-traded stocks in a country divided by that country’s GDP. It’s a measure and ratio to evaluate whether a market is undervalued or overvalued. It’s one of Warren Buffet’s favorite measures as a warning that financial markets might be overvalued and riskier.

Financial Analysis

financial-accounting
Financial accounting is a subdiscipline within accounting that helps organizations provide reporting related to three critical areas of a business: its assets and liabilities (balance sheet), its revenues and expenses (income statement), and its cash flows (cash flow statement). Together those areas can be used for internal and external purposes.

Post-Mortem Analysis

post-mortem-analysis
Post-mortem analyses review projects from start to finish to determine process improvements and ensure that inefficiencies are not repeated in the future. In the Project Management Book of Knowledge (PMBOK), this process is referred to as “lessons learned”.

Retrospective Analysis

retrospective-analysis
Retrospective analyses are held after a project to determine what worked well and what did not. They are also conducted at the end of an iteration in Agile project management. Agile practitioners call these meetings retrospectives or retros. They are an effective way to check the pulse of a project team, reflect on the work performed to date, and reach a consensus on how to tackle the next sprint cycle.

Root Cause Analysis

root-cause-analysis
In essence, a root cause analysis involves the identification of problem root causes to devise the most effective solutions. Note that the root cause is an underlying factor that sets the problem in motion or causes a particular situation such as non-conformance.

Blindspot Analysis

blindspot-analysis

Break-even Analysis

break-even-analysis
A break-even analysis is commonly used to determine the point at which a new product or service will become profitable. The analysis is a financial calculation that tells the business how many products it must sell to cover its production costs.  A break-even analysis is a small business accounting process that tells the business what it needs to do to break even or recoup its initial investment. 

Decision Analysis

decision-analysis
Stanford University Professor Ronald A. Howard first defined decision analysis as a profession in 1964. Over the ensuing decades, Howard has supervised many doctoral theses on the subject across topics including nuclear waste disposal, investment planning, hurricane seeding, and research strategy. Decision analysis (DA) is a systematic, visual, and quantitative decision-making approach where all aspects of a decision are evaluated before making an optimal choice.

DESTEP Analysis

destep-analysis
A DESTEP analysis is a framework used by businesses to understand their external environment and the issues which may impact them. The DESTEP analysis is an extension of the popular PEST analysis created by Harvard Business School professor Francis J. Aguilar. The DESTEP analysis groups external factors into six categories: demographic, economic, socio-cultural, technological, ecological, and political.

STEEP Analysis

steep-analysis
The STEEP analysis is a tool used to map the external factors that impact an organization. STEEP stands for the five key areas on which the analysis focuses: socio-cultural, technological, economic, environmental/ecological, and political. Usually, the STEEP analysis is complementary or alternative to other methods such as SWOT or PESTEL analyses.

STEEPLE Analysis

steeple-analysis
The STEEPLE analysis is a variation of the STEEP analysis. Where the step analysis comprises socio-cultural, technological, economic, environmental/ecological, and political factors as the base of the analysis. The STEEPLE analysis adds other two factors such as Legal and Ethical.

Activity-Based Management

activity-based-management-abm
Activity-based management (ABM) is a framework for determining the profitability of every aspect of a business. The end goal is to maximize organizational strengths while minimizing or eliminating weaknesses. Activity-based management can be described in the following steps: identification and analysis, evaluation and identification of areas of improvement.

PMESII-PT Analysis

pmesii-pt
PMESII-PT is a tool that helps users organize large amounts of operations information. PMESII-PT is an environmental scanning and monitoring technique, like the SWOT, PESTLE, and QUEST analysis. Developed by the United States Army, used as a way to execute a more complex strategy in foreign countries with a complex and uncertain context to map.

SPACE Analysis

space-analysis
The SPACE (Strategic Position and Action Evaluation) analysis was developed by strategy academics Alan Rowe, Richard Mason, Karl Dickel, Richard Mann, and Robert Mockler. The particular focus of this framework is strategy formation as it relates to the competitive position of an organization. The SPACE analysis is a technique used in strategic management and planning. 

Lotus Diagram

lotus-diagram
A lotus diagram is a creative tool for ideation and brainstorming. The diagram identifies the key concepts from a broad topic for simple analysis or prioritization.

Functional Decomposition

functional-decomposition
Functional decomposition is an analysis method where complex processes are examined by dividing them into their constituent parts. According to the Business Analysis Body of Knowledge (BABOK), functional decomposition “helps manage complexity and reduce uncertainty by breaking down processes, systems, functional areas, or deliverables into their simpler constituent parts and allowing each part to be analyzed independently.”

Multi-Criteria Analysis

multi-criteria-analysis
The multi-criteria analysis provides a systematic approach for ranking adaptation options against multiple decision criteria. These criteria are weighted to reflect their importance relative to other criteria. A multi-criteria analysis (MCA) is a decision-making framework suited to solving problems with many alternative courses of action.

Stakeholder Analysis

stakeholder-analysis
A stakeholder analysis is a process where the participation, interest, and influence level of key project stakeholders is identified. A stakeholder analysis is used to leverage the support of key personnel and purposefully align project teams with wider organizational goals. The analysis can also be used to resolve potential sources of conflict before project commencement.

Strategic Analysis

strategic-analysis
Strategic analysis is a process to understand the organization’s environment and competitive landscape to formulate informed business decisions, to plan for the organizational structure and long-term direction. Strategic planning is also useful to experiment with business model design and assess the fit with the long-term vision of the business.

Related Strategy Concepts: Go-To-Market StrategyMarketing StrategyBusiness ModelsTech Business ModelsJobs-To-Be DoneDesign ThinkingLean Startup CanvasValue ChainValue Proposition CanvasBalanced ScorecardBusiness Model CanvasSWOT AnalysisGrowth HackingBundlingUnbundlingBootstrappingVenture CapitalPorter’s Five ForcesPorter’s Generic StrategiesPorter’s Five ForcesPESTEL AnalysisSWOTPorter’s Diamond ModelAnsoffTechnology Adoption CurveTOWSSOARBalanced ScorecardOKRAgile MethodologyValue PropositionVTDF FrameworkBCG MatrixGE McKinsey MatrixKotter’s 8-Step Change Model.

Main Guides:

Discover more from FourWeekMBA

Subscribe now to keep reading and get access to the full archive.

Continue reading

Scroll to Top
FourWeekMBA