The subject of this exercise "Internal and external analysis in strategic planning"
<h3>What are the differences between internal analysis and external analysis?</h3>
Internal analysis refers to the identification and evaluation of different factors from within the business and how they can affect a business from meeting its set objectives.
On the other hand, external analysis is the identification and evaluation of different factors from outside a business that can hinder or help contribute to its success.
<h3>What do organizations typically analyze as part of an internal analysis, and why? </h3>
A few of the factors that entities analyze as part of their internal analysis include the ability of the organization's employees to be competent and competitive in acquiring markets for its products, as well as the costs that all of this will necessitate because these are variables from within the establishment.
<h3>What do organizations typically analyze as part of an external analysis, and why?</h3>
Providers, distribution companies, and consumers of the company's products and resources are some of the things that companies analyze as part of an environmental analysis because they are part of the outside world that gives an organization both possibilities to enhance output as well as threats that lag them behind.
<h3>How do the results of each of these analyses inform an organization’s strategic plan?</h3>
The outcomes of both internal and external analysis help a company's key plan by identifying its abilities as well as its weaknesses, opportunities, and threats through the SWOT analysis, so that an entity can seize opportunities to ensure their plans are met or deal with risks to guarantee their strategic plans are met.
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Full Question:
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
