Question

The primary output of the strategic management process should be matching of. its strengths and weaknesses to the opportunities and threats in the environment explain with example Short Questions A.

required short answer otherwise not acceptable its short question

Answer 1

For being successful in the business environment, an organisation must do internal analysis ( assessment of its strengths and weaknesses) and externl analysis ( analysis of opportunities and threats).Example is an organisation which likes to introduce a range of proessed cheese in a market. It needs to assess its strengths ( like subject expertise, prior experience in the field, investment capacity market knowledge. etc.), weaknesses ( any internal issue that might diminish the chances of the company, such as lack of qualified human resources). It also needs to know about its opporunities ( like an unexplored huge market, govt. policies etc.) and threats ( like strong competition, lack of awareness among consumers) for being successful in the market.