The goal of strategic analysis is to frame a transformation's Scope, articulate the business needs/outcomes, and set the agenda for change by understanding the business context, the business challenges, and the complexities of the internal and external environment. The five steps involved in strategic analysis: Determine the level of analysis; it will help to understand the organization's strengths, weaknesses, and threats. Gather all teams from finance, HR, operations, sales, etc., to identify and evaluate data thoroughly. Use SWOT or PESTLE analysis methods. Summarize the analysis findings in a document and discuss them with the team Use strategic analysis to set priorities and goals.