Question details

MGT 488 Week 1-DQ2
$ 10.00

Why is the internal organizational analysis important to strategic management planning?

 

When developing a strategic business plan, a company must analyze internal and external environments to be effective. A company can reduce the time needed to complete a strategic plan by conducting a SWOTT analysis. However, a strategic plan can be developed without a SWOTT but the analysis certainly helps outline the plan. In lieu of a SWOTT analysis, a company can employ other methods like the resource-based view or a value chain analysis.

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