Once we have established the organizations internal strengths and weaknesses, and its external opportunities and threats, the challenge becomes the selection of an appropriate strategy. Such a strategy is required to address the weaknesses and threats whilst at the same time, building upon the identified strengths and exploiting opportunities. It is important to understand that a detailed internal and external analysis is a necessary prerequisite for producing a summary of the strengths, weaknesses, opportunities, and threats-the SWOT. In other words, the SWOT emerges from the internal and external analyses and is a summary of the main results.

STRATEGIC MANAGEMENT

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Once we have established the organization’s internal strengths and weaknesses, and its external opportunities and threats, the challenge becomes the selection of an appropriate strategy. Such a strategy is required to address the weaknesses and threats whilst at the same time, building upon the identified strengths and exploiting opportunities. It is important to understand that a detailed internal and external analysis is a necessary prerequisite for producing a summary of the strengths, weaknesses, opportunities, and threats-the SWOT. In other words, the SWOT emerges from the internal and external analyses and is a summary of the main results.

A	TRUE
B	FALSE
C	MAYBE

Explanation:

Detailed explanation-1: -SWOT Analysis helps you to identify your organization’s Strengths, Weaknesses, Opportunities, and Threats. It guides you to build on what you do well, address what you’re lacking, seize new openings, and minimize risks. Apply a SWOT Analysis to assess your organization’s position before you decide on any new strategy.

Detailed explanation-2: -SWOT analysis (or SWOT matrix) is a strategic planning and strategic management technique used to help a person or organization identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning. It is sometimes called situational assessment or situational analysis.

Detailed explanation-3: -SWOT analysis is a framework for identifying and analyzing your organization’s strengths and weaknesses, as well as the opportunities and threats you are facing.

Detailed explanation-4: -Strengths and weaknesses are internal factors. They are characteristics of a business that give it a relative advantage (or disadvantage, respectively) over its competition. Opportunities and threats, on the other hand, are external factors.

There is 1 question to complete.

BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

STRATEGIC MANAGEMENT