Many different business analysis techniques can be applied in strategic planning .
Various business analysis techniques can be used in strategic planning , including SWOT analysis ( Strengths , Weaknesses , Opportunities , and Threats ) , GE/McKinsey portfolio analysis , COPE analysis , COPE analysis explained PEST analysis ( Political , Economic , Social , and Technological ) , STEER analysis ( Socio-cultural , Technological , Economic , Ecological , and Regulatory factors ) , and EPISTEL ( Environment , Political , Informatic , Social , Technological , Economic and Legal ) .Strategic planning is the formal consideration of an organization 's future course .
Strategic planning