BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Strength
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Weakness
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Opportunity
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Threat
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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. What’s lacking in your team and missing from your investments.
Detailed explanation-2: -SWOT analysis assesses internal and external factors, as well as current and future potential. A SWOT analysis is designed to facilitate a realistic, fact-based, data-driven look at the strengths and weaknesses of an organization, initiatives, or within its industry.
Detailed explanation-3: -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-4: -Business strengths are competitive advantages that allow a firm to outcompete, generate value and achieve efficiency. Strengths are often identified as part of strategic planning, swot analysis and competitive analysis.