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What is Environmental Analysis in Strategic Management about?

Environmental analysis is a critical process used by organizations to assess external factors that can impact decisions and strategies. It involves identifying needs like strategic planning, risk management, and competitive advantage. Analysis should consider all relevant political, economic, social, technological, environmental, and legal factors. Common approaches include PESTEL analysis and categorizing factors like market trends, competition, and regulations. Organizations then develop strategies in res

Author

maneesh110093

Language

EN