BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Managers perform internal analysis to identify the threats and opportunities of a firm’s resources and capabilities. The basic purpose is to build on the strengths and overcome the weaknesses in order to avail of the opportunities and minimize the effects of threats.
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true
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false
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Explanation:
Detailed explanation-1: -A SWOT analysis helps you assess internal factors that might affect your business (strengths and weaknesses) and external factors (opportunities and threats).
Detailed explanation-2: -SWOT Analysis helps you to identify your organization’s Strengths, Weaknesses, Opportunities, and Threats.
Detailed explanation-3: -Specifically, a SWOT analysis is a tool that considers a firm’s strengths and weaknesses along with the opportunities and threats that exist in the firm’s environment. Strengths and weakness are aspects of the organization that are internal and controllable.
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