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Strategic Planning, including SWOT and SCAN analysis, has been the subject of much research.Strengths: attributes of the organization that are helpful to achieving the objective.Weaknesses: attributes of the organization that are harmful to achieving the objective.Opportunities: external conditions that are helpful to achieving the objective.Threats: external conditions which could do damage to the business's performance.Identification of SWOTs is essential because subsequent steps in the process of planning for achievement of the selected objective may be derived from the SWOTs.First, the decision makers have to determine whether the objective is attainable, given the SWOTs...
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