Respond to the following in a minimum of 175 words: Discuss the differences between an internal analysis and an external analysis with respect to strategic planning. What do organizations typically...

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Respond to the following in a minimum of 175 words:



  • Discuss the differences between an internal analysis and an external analysis with respect to strategic planning. What do organizations typically analyze as part of an internal analysis, and why? What do organizations typically analyze as part of an external analysis, and why? How do the results of each of these analyses inform an organization’s strategic plan?


Answered Same DayJun 16, 2021

Answer To: Respond to the following in a minimum of 175 words: Discuss the differences between an internal...

Shubham answered on Jun 17 2021
154 Votes
Running Head: STRATEGIC MANAGEMENT                        1
STRATEGIC MANAGEMENT                                4
STRATEGIC MANAGEMENT
Tabl
e of Contents
Internal Analysis    3
External Analysis    3
Importance of Internal and External Analysis for Strategic Plan    3
References    4
Internal Analysis
Internal analysis is study of factors, which are prevailing inside the organization. These can be controlled and managed up to some extent. These factors will help to identify the strengths and weakness of the organization. For example, the competencies of an organization, which deals with skills, behavior and attributes, resources such as HR capabilities, business processes helps to achieve competitive advantage. It helps to know the capacity of organization and the availability of resources, which can be...
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