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?

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?

Principles of Management

OER 2019th Edition

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax

Chapter9: The Strategic Management Process: Achieving And Sustaining Competitive Advantage

Section9.6: Measuring And Evaluating Strategic Performance

Problem 2CC: How does the strategic planning process inform itself?

See similar textbooks

Similar questions

How do you approach the strategic planning process within an organization, considering both short-term and long-term goals?
Discuss, How can organizations effectively manage conflicting objectives and interests during the strategic planning process?
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? Why? What do organizations typically analyze as part of an external analysis? Why? How do the results of each of these analyses inform an organization’s strategic plan?
Select a company ( Henry Ford Hospital) as the subject for your situation analysis assignment. It is advantageous to slect a well known medium - larged sized comapny that readily shares information and ideally a company which you familiar. You have been hired by your selected company as a marketing strategy consultant. Creat a SWOT analysis and also describe how the company can build on its strengths and correct its weaknesses in order to take advantage of one designated opportunity in the market.
How can organizations effectively align their planning process with their mission, vision, and values to ensure strategic alignment?
How do managers develop strategic plans, and what factors do they consider when evaluating the external and internal environment of the organization? Discuss the key components of a strategic plan, and describe the potential benefits and drawbacks of different strategic planning approaches.
How can organizations develop a strategic vision that balances long-term goals with short-term objectives? What are the key elements of an effective strategic vision?
Explain the elements of strategic thinking (at least 4 elements) and their importance in a business decision and management to ensure effective organizations to sustain their performance and survive for long term.
How does the process of strategic planning differ from operational planning, and why is it important for organizations to engage in both?
What is the role of strategic planning in management, and how can organizations develop and implement effective strategic plans to achieve their goals and objectives?
What are the key principles and objectives of strategic planning, and how can organizations effectively align their long-term goals with their operational activities?
Define what is meant by strategic issues and why are they important in developing a strategic plan?