INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Strengths, Weaknesses, Opportunities, Targets
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Strengths, Weaknesses, Opportunities, Threats
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Strengths, Weaknesses, Opposition, Threats
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Symptoms, Weaknesses, Opportunities, Threats
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Detailed explanation-1: -SWOT (strengths, weaknesses, opportunities, and threats) analysis is a method for identifying and analyzing internal strengths and weaknesses and external opportunities and threats that shape current and future operations and help develop strategic goals.
Detailed explanation-2: -A strength is a resource or capacity the organisation can use effectively to achieve its objectives. A weakness is a limitation, fault, or defect in the organisation that will keep it from achieving its objectives. An opportunity is any favourable situation in the organisation’s environment.
Detailed explanation-3: -SWOT analysis (strengths, weaknesses, opportunities and threats analysis)
Detailed explanation-4: -A SWOT analysis is a planning tool which seeks to identify the Strengths, Weaknesses, Opportunities and Threats involved in a project or organisation. It’s a framework for matching an organisation’s goals, programmes and capacities to the environment in which it operates.
Detailed explanation-5: -STRENGTHS and WEAKNESSES are the internal factors that an organisation currently faces. OPPORTUNITIES AND THREATS are the external factors that an organisation is likely to face in the near future.