BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Opportunity
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Strength
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Weakness
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Threat
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Detailed explanation-1: -A strength is a resource or capacity the organisation can use effectively to achieve its objectives. A weakness is a limitation, fault, or defect in the organisation that will keep it from achieving its objectives. An opportunity is any favourable situation in the organisation’s environment.
Detailed explanation-2: -SWOT Analysis: Strengths, Weaknesses, Opportunities, and Threats.
Detailed explanation-3: -Some examples of strengths can be a positive attitude, focus, ability to learn new things, time management, being passionate, etc.
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.