Strategic Plan
A strategic plan is a comprehensive document that outlines an organization's goals, objectives, and action plans over a specified period. It serves as a roadmap for guiding decision-making and resource allocation to achieve long-term success. Within the strategic planning process, a SWOC analysis (Strengths, Weaknesses, Opportunities, and Challenges) is a valuable tool used to assess internal and external factors affecting the organization. Strengths and weaknesses pertain to internal aspects, such as resources and capabilities, while opportunities and challenges focus on external factors, such as market trends and competition. By conducting a SWOC analysis, organizations can gain insights into their current position, identify strategic priorities, and develop strategies to leverage strengths, address weaknesses, capitalize on opportunities, and mitigate challenges in alignment with their overall strategic goals.
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Strategic Plan SNGCE