In this discussion, you will explain the value of strategic analysis. You will i

In this discussion, you will explain the value of strategic analysis. You will identify and explain how a company can benefit from the use of various strategic analysis tools to evaluate the internal and external environments.
Complete the following activities prior to developing your discussion response:
Review the Unit 3 Discussion learning resources in the MindTools platform and library.
Execute the Unit 3 Practice Quiz before developing your response to the discussion inquiry.
Conduct research using the same organization that you chose from the list provided by your instructor in the Unit 1 Discussion Board.
Visit the MERGENT library database (https://library.purdueglobal.edu/mergent_guide) to conduct research on your chosen organization. Become very familiar with this library database. You will need it.
Analyze the company details, latest annual report, latest news, review competitor information, etc.
You may also want to visit the website of your chosen organization and its competitors for more information and observation.
Instructions:
Execute this discussion by answering the following inquiries in essay format:
Using research, introduce the concept of strategic analysis and explain its purpose in the strategy evaluation, planning, and implementation processes.
Explain the differences between conducting internal analyses and external analyses in reference to your chosen organization.
Choose one type of internal analysis and explain how it is used and the benefits of its use to your chosen organization.
Choose one type of external analysis and explain how it is used and the benefits of its use to your chosen organization.
Use a minimum of three academic research resources (from MindTools and the Library) to substantiate your critical thinking and to provide viable reasoning for your perspectives.
Apply proper APA style citation and reference format.
Use headings to segment the topics in your writing in order to create a flow of ideas for your reader.
Write in third person.
You are expected to write unique perspectives on the subject of strategy and its purpose in business. Refrain from committing plagiarism. It will not be tolerated. Your contributions must synthesize existing theories, concepts, and principles from the business literature and must add value to the existing body of knowledge.