The internal analysis component of the strategic management process assesses the organization's

Question

Quizplus · Accepted Answer

The internal analysis component focuses on evaluating the organization's strengths and weaknesses, which includes assessing its performance levels. It examines the company's resources, capabilities, organizational structure, culture, and other internal factors that can contribute to its success or failure. Assessing competitors (B) and industry growth rate (C) are part of the external analysis, while product substitutions in the market (D) is more specific to product development and marketing strategies. The political environment (E) may also be relevant but is not the main focus of the internal analysis.

The Internal Analysis Component of the Strategic Management Process Assesses