BUSINESS ADMINISTRATION
MANAGEMENT INFORMATION SYSTEM
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Strengths, weaknesses, opportunities, and treats
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Strengths, weaknesses, opportunities, and threats
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Strengths, worries, opportunities, and threats
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Strategies, weaknesses, opportunities, and threats
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Detailed explanation-1: -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-2: -The four steps of SWOT analysis comprise the acronym SWOT: strengths, weaknesses, opportunities, and threats. These four aspects can be broken into two analytical steps.
Detailed explanation-3: -The two internal elements of SWOT analysis are strengths and weakness. The acronym SWOT stands for Strengths, Weaknesses, Opportunities and Threats. IE Matrix is the other name give to SWOT. SWOT analysis is to analyze the business environment and the strategic capability of an organization relative to its competitors.
Detailed explanation-4: -Advantages and disadvantages of using SWOT analysis It’s a simple four box framework. It facilitates an understanding of the strengths and weaknesses of the organisation. It encourages the development of strategic thinking. It enables senior managers to focus on strengths and build opportunities.