BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Good intuitive judgment is always needed in determining appropriate weights and ratings. Strategy is sometimes defined as the match an organization makes between its internal resources and skills and the opportunities and risks created by its external factors.

Detailed explanation-2: -Reason: The formulation of strategy is mainly considered a match done by a business firm between the internal resources and external factors. The strategy can be formulated only when a company matches its internal factors such as resources and skills with the opportunities and risks present in the external environment.

Detailed explanation-3: -The Matching Stage These tools rely on information derived from the input stage to match external opportunities and threats with internal strengths and weaknesses. Matching external and internal key factors is the essential for effectively generating feasible alternative strategies.

Detailed explanation-4: -Explanation: The SWOT analysis is comprised of four factors where the strength and weakness are internal factors and opportunities, and threats are external factors. The SO cell in the SWOT matrix combines the internal strengths of the business with external opportunities.

Detailed explanation-5: -Organizational Resources are all assets that are available to a firm for use during the production process. The four basic types of organizational resources are human, monetary, raw materials and Capital. Organizational resources are combined, used, and transformed into finished products during the production process.