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An often used tool to build the strategic plan is called SWOT analysis. This is an information gathering technique to
evaluate external influences against internal capabilities.
a. Strengths - A strength is an organizational resource (money, people, location, equipment, IT) that can be used to meet
an objective. .
b. Weaknesses - A weaknesses is a missing or limited resource that bears on the organ1zation's ability to meet an
objective.
c. Opportunities - An opportunity is a circumstance that may provide the organization a chance to improve its ability to
compete.
d. Threats - a potentially negative circumstance that, if it occurs, may hinder an organization's ability to compete.
francis1897 answered the question on March 13, 2023 at 08:10
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