INTRODUCTION TO ENTREPRENEURSHIP
CHARACTERISTICS OF AN ENTREPRENEUR
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
strengths
|
|
|
weaknesses
|
|
|
threats
|
|
|
organizations
|
Detailed explanation-1: -Segmentation is not a part of SWOT Analysis.
Detailed explanation-2: -SWOT (strengths, weaknesses, opportunities, and threats) analysis is a framework used to evaluate a company’s competitive position and to develop strategic planning.
Detailed explanation-3: -SWOT analysis has both an internal and an external focus. Incorrect: Threats and opportunities are internally focused.-threats and opportunities are externally focused and do not focus within the company. Correct: SWOT can be seen as the link between organizational and operational strategy.
Detailed explanation-4: -SWOT analysis is a framework for identifying and analyzing an organization’s strengths, weaknesses, opportunities and threats. These words make up the SWOT acronym. The primary goal of SWOT analysis is to increase awareness of the factors that go into making a business decision or establishing a business strategy.
Detailed explanation-5: -One of the key shortcomings of the SWOT analysis technique is that it does not offer solutions to the weaknesses or threats identified by the strategy. In some sense, identifying an issue without proffering a solution makes the entire process futile.