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In: Finance

how does the afi framework relate in the real business world??   

how does the afi framework relate in the real business world??   

Solutions

Expert Solution

AFI (Analysis-Formulation-Implementation) Frame is a model which works on three interdependent strategic business task that helps a firm to improve business results.

It helps Managers and CEO to plan strategy to improve the performance of the firm.

It has three stages

1- Analyze

2- Formulate

3- Implementation

Analyze

  • Perform the Macro-level environment eg: PESTEL analysis(Political, Economical , Social, Technological ,Environment & Legal )
  • Example - FACEBOOK & Twitter
  • to grow its user base they perform analysis and understand their core competencies

Formulate

  • Perform the business level and corporate level strategy .
  • Business level strategy includes Integration , Inovation and strategic enterpreneurship
  • Corporate strategy includes diversification ,potential acquisition alliances.

Implementation

  • Implement the analyzed and formulated strategy to achieve results.
  • At this stage managerial skills play important role as the formulated strategy has to be communicated at organizational level
  • Another important part of implementation is change in organisational structure. Sometimes it requires some management to change the managers teams

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