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: -Weaknesses. Weaknesses stop an organization from performing at its optimum level. They are areas where the business needs to improve to remain competitive: a weak brand, higher-than-average turnover, high levels of debt, an inadequate supply chain, or lack of capital.
Detailed explanation-2: -Weaknesses: characteristics that place the business or project at a disadvantage relative to others. Opportunities: elements in the environment that the business or project could exploit to its advantage. Threats: elements in the environment that could cause trouble for the business or project.
Detailed explanation-3: -By analyzing the internal organization, firms identify what they can do to improve the given circumstances or avoid failures. For example, they can identify unique resources that the firm possesses or the unique resources they can acquire.
Detailed explanation-4: -Examples of threats for a personal SWOT analysis might include increased competition, lack of support, or language barriers. Threat examples for businesses could include economic downturns, increased taxes, or losing key staff.