Environmental analysis is a fundamental strategic tool. It is a process to identify all the external and
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Question:
Environmental analysis is a fundamental strategic tool. It is a process to identify all the external and internal factors, which can affect the organization's performance. The analysis entails assessing the level of risks, challenges and potential capabilities of a business organization, the factors might present. These evaluations are latertranslated into the strategic decision-making process. Discuss the importance of the environmental analysis in the context of strategic business decision process.
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