BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

STRATEGIC MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A SWOT matrix is our third strategic management model. SWOT is an acronym forstrength, weakness, opportunity, and threat.
A
True
B
False
Explanation: 

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: -A SWOT matrix is a tool that allows businesses or individuals to identify their strengths, weaknesses, opportunities and threats. SWOT matrices help organizations complete an honest assessment of a business to understand its competitive advantages and determine where it can improve.

Detailed explanation-3: -SWOT Analysis is an acronym for Strengths, Weaknesses, Opportunities and Threats. This is a powerful strategic management and planning tool.

Detailed explanation-4: -SWOT analysis is a framework for identifying and analyzing an organization’s strengths, weaknesses, opportunities and threats. These words make up the SWOT acronym. The primary goal of SWOT analysis is to increase awareness of the factors that go into making a business decision or establishing a business strategy.

Detailed explanation-5: -SWOT (strengths, weaknesses, opportunities, and threats) analysis is a method for identifying and analyzing internal strengths and weaknesses and external opportunities and threats that shape current and future operations and help develop strategic goals. SWOT analyses are not limited to companies.

There is 1 question to complete.