BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Success
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Strength
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Strategy
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Survey
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Detailed explanation-1: -SWOT Analysis is an acronym for Strengths, Weaknesses, Opportunities and Threats. This is a powerful strategic management and planning tool.
Detailed explanation-2: -A SWOT analysis helps find the best match between environmental trends (opportunities and threats) and internal capabilities. A strength is a resource or capacity the organisation can use effectively to achieve its objectives.
Detailed explanation-3: -SWOT stands for: Strength, Weakness, Opportunity, Threat. A SWOT analysis guides you to identify your organization’s strengths and weaknesses (S-W), as well as broader opportunities and threats (O-T). Developing a fuller awareness of the situation helps with both strategic planning and decision-making.
Detailed explanation-4: -Strengths (S) and weaknesses (W) refer to internal factors, which are the resources and experience readily available to you. These are some common internal factors: Financial resources (funding, sources of income and investment opportunities) Physical resources (location, facilities and equipment)