what are the two parts of a straegic analysis

Question

resources and capabilities
monitoring and feedback
planning and implementation
external analysis and internal analisys

Answer 1

The two parts of a strategic analysis are external analysis and internal analysis.

- External analysis involves evaluating the external environment in which a company operates, including factors such as industry trends, market conditions, customer behavior, competition, and regulatory influences. This analysis helps identify opportunities and threats that may impact the organization.

- Internal analysis involves evaluating the internal capabilities and resources of the company, including its strengths and weaknesses. This analysis focuses on assessing the company's core competencies, competitive advantages, organizational structure, culture, and financial performance.

By conducting both an external and internal analysis, organizations can identify their position in the market and develop strategies that leverage their strengths, address weaknesses, and align with external opportunities and threats.