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Essay text:
The technique is
credited to Albert Humphrey, who led a research project at
Stanford University in the 1960s and 1970s using data from
Fortune 500 companies.
Strategic and Creative Use of SWOT Analysis:
If SWOT analysis does not start with defining a desired end
state or objective, it runs the risk of being useless. A SWOT
analysis may be incorporated into the strategic planning model.
An example of a strategic planning technique that incorporates
an objective-driven SWOT analysis is SCAN analysis. Strategic
Planning, including SWOT and SCAN analysis, has been the
subject of much research...
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