Reply to the following questions/comments using 130-150 words... must be in your own words no special format needed just comments/ questions and answers.... Please include original questions with answers.
1. Why is strategic planning important to the organization? How does strategic planning help the organization?
2. What are the steps in the strategic management process?
3. What are the key elements of an external analysis and why is an external analysis important to a strategic plan?
4. List two elements of external analysis and why they are important to strategic planning.
5. What are the key elements of an effective internal analysis and why is an external analysis important to a strategic plan?
6. List two elements of internal analysis and why they are important to strategic planning.
7. What are the benefits of a business plan to business owners.