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tion to ensure comprehensiveness and acceptance. Step 4: Policy Evaluation and Approval Draft policies are reviewed for clarity, feasibility, and alignment with organizational goals. Necessary revisions are made befor

ths, Weaknesses, Opportunities, Threats) PESTEL Analysis (Political, Economic, Social, Technological, Environmental, Legal) Industry Analysis (Porter’s Five Forces) These tools enable organizations to identify their core competencies and potential threats. 2. Strategy Formulation Based on insights f