Describe the “process of performing an external audit” in an organization doing strategic planning for the first time.
Answer to relevant QuestionsThe global recession forced thousands of firms into bankruptcy. Does this fact alone confirm that “external factors are more important than internal factors” in strategic planning? Discuss. Compare and contrast the duties and responsibilities of a CIO with a CTO in a large firm. In developing an EFE Matrix, would it be advantageous to arrange your opportunities according to the highest weight, and do likewise for your threats? Explain. How does the external audit affect other components of the strategic-management process? Develop a Competitive Profile Matrix for your university. Include six factors.
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