Briefly describe the strategic planning process, including
the SWOT analysis. Which method do you think businesses use most when
identifying IT projects? Why?
The strategic planning process is a process where businesses
map out which projects benefit the organization. It involves key information
that can be implemented with or without managers. Businesses rely heavily on
the SWOT approach. With the SWOT approach, which stands for Strengths, Weaknesses,
Opportunities, and Threats, businesses divide a project into two parts. This
helps businesses analyze the pros and cons of a project and decide whether or
not the project conjugates with their strategic goals. In addition, businesses
focus on the flaws of previous projects and build upon that to improve future
goals.
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