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Analysis of STP trends is necessary to:
is a framework or tool used by marketers to analyze and monitor the macro-environmental (external marketing environment) factors that have an impact on an organization, company, or industry
the graphical representation of a company's business processes or workflows, as a means of identifying potential improvements
s a strategic planning and strategic management technique used to help a person or organization identify strengths, weaknesses, opportunities, and threats related to business competition or project planning
determine the feasibility of planning innovation in a particular direction
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