BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

STRATEGIC MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Future objectives refers to the strengths and weakness of the firm
A
True
B
False
Explanation: 

Detailed explanation-1: -Strengths-The strongest parts of your business model and your most effective selling points. The core competencies of your team and your investments. Weaknesses-The weakest parts of your business model and weak spots in the sales funnel.

Detailed explanation-2: -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-3: -Strengths and weaknesses are internal to your company-things that you have some control over and can change. Examples include who is on your team, your patents and intellectual property, and your location. Opportunities and threats are external-things that are going on outside your company, in the larger market.

Detailed explanation-4: -Essentially, a SWOT analysis is an examination of the internal and external factors that impact the organization and its strategies. The internal factors are strengths and weaknesses; the external factors are opportunities and threats.

There is 1 question to complete.