Discuss the concept of SWOT analysis in the context of strategic planning. How can organizations use SWOT analysis to make informed decisions?
Discuss the concept of SWOT analysis in the context of strategic planning. How can organizations use SWOT analysis to make informed decisions?
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Discuss the concept of SWOT analysis in the context of strategic planning. How can organizations use SWOT analysis to make informed decisions?
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Step 1: Define the term SWOT Analysis:
SWOT analysis is a strategic planning tool used by organizations to assess and estimate their current internal strengths and sins, as well as external openings and pitfalls in their operating terrain. SWOT analysis is a protean and simple tool that can be applied to colorful aspects of an association, similar as marketing, product development, fiscal planning, and overall strategic operation.
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