Question

In which step of the strategy formulation process would a swot analysis take place? developing tactical and operations plans setting strategic goals matching the organization and its environment analyzing the organization and the environment contingency planning and crisis management?

Answer 1

The answer is "Analyzing the organization and the environment".

SWOT analysis refers to an important tool that helps organizations or businesses in the assessment and revelation period of strategic planning. Since it gives an inside and out perspective on the present and forward-looking circumstance of a business, the term SWOT is frequently connected with strategic planning. Both assume a vital job in the high-level planning of businesses as they include imperative information, which once recognized and analyzed, can accomplish long term business development and achievement. However, they are connected, the two ideas are distinctive components during the process of business planning.