Str 581 week 3 external and internal environment analysis
1. Analyze the current organizational structure, culture and values.
2. Assess the current financial position of the organization.
3. Review internal strengths and weaknesses in terms of resources, skills and capabilities.
4. Identify potential risks to the organization such as changing customer needs or new technology.
5. Analyze external forces such as economic conditions, competition, regulation and global trends that may affect your business model.
6. Monitor key industry indicators such as sales volume, market share, customer loyalty and employee satisfaction to determine where your organization stands compared to its competitors.
7. Evaluate any political or social issues related to the organization’s operations including stakeholder engagement strategies and public relations efforts.
8. Leverage available data analytics tools to gain insights into customers’ habits and preferences for more informed decision-making.
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