Strategic management analysis: from data to strategy diagram by LLM

TL;DR

This paper demonstrates how large language models can automate strategy management analyses by extracting insights from data, organizing them within frameworks, and generating standard diagrams, with considerations for future improvements.

Contribution

It introduces a method to use LLMs for creating strategy management analyses and diagrams, streamlining processes traditionally done by business consultants.

Findings

LLMs can extract insights from data effectively.

LLMs can organize insights into strategy frameworks.

LLMs can generate standard strategy diagrams.

Abstract

Strategy management analyses are created by business consultants with common analysis frameworks (i.e. comparative analyses) and associated diagrams. We show these can be largely constructed using LLMs, starting with the extraction of insights from data, organization of those insights according to a strategy management framework, and then depiction in the typical strategy management diagram for that framework (static textual visualizations). We discuss caveats and future directions to generalize for broader uses.