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? Why? What do organizations typically analyze as part of an external analysis? Why? How do the results of each of these analyses inform an organization’s strategic plan?

Principles of Management
OER 2019th Edition
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax
Chapter9: The Strategic Management Process: Achieving And Sustaining Competitive Advantage
Section9.6: Measuring And Evaluating Strategic Performance
Problem 2CC: How does the strategic planning process inform itself?
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Respond to the following in a minimum of 175 words:  

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? Why?

What do organizations typically analyze as part of an external analysis? Why?

How do the results of each of these analyses inform an organization’s strategic plan?

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