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Questions and Answers
What does SWOT stand for?
What represents an example of a strength in a SWOT analysis?
What component of SWOT analysis focuses on factors external to you?
What does a SWOT analysis help you identify?
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What does SMART stand for in the context of goal setting?
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Why is it important for a goal to be measurable?
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Which SMART goal component emphasizes setting realistic and attainable objectives?
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What is the purpose of setting SMART goals?
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What does the 'A' in SMART goals stand for?
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What is the purpose of conducting a SWOT analysis?
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What is an example of a SMART goal?
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Study Notes
SWOT Analysis
- SWOT stands for Strengths, Weaknesses, Opportunities, and Threats
- Strengths refer to internal factors that benefit an organization
- Weaknesses refer to internal factors that harm an organization
- Opportunities refer to external factors that benefit an organization
- Threats refer to external factors that harm an organization
- Examples of strengths include strong brand recognition and a skilled workforce
- Examples of weaknesses include limited access to resources and a lack of skilled workforce
- Examples of opportunities include emerging markets and new technologies
- Examples of threats include emerging market competition and negative media coverage
SMART Goals
- SMART stands for Specific, Measurable, Achievable, Relevant, and Timely
- Specific refers to clear and well-defined goals
- Measurable refers to goals that can be tracked and quantified
- Achievable refers to realistic and attainable goals
- Relevant refers to goals that align with organizational objectives
- Timely refers to goals with specific deadlines
- Examples of SMART goals include "I will increase my math grade from a B to an A- by the end of the semester"
- Measurable goals are important because they allow for progress tracking and success determination
SWOT Analysis Example
- A community service club's SWOT analysis might include:
- Strengths: strong leadership, dedicated members, and a good reputation in the community
- Weaknesses: limited funding, inadequate resources, and poor communication among members
- Opportunities: partnering with local organizations, expanding services to new areas, and increasing fundraising efforts
- Threats: negative publicity, decreased volunteer engagement, and increased competition from other organizations
SMART Goal Example
- A SMART goal for improving history grades might be: "I will increase my history grade from a C to a B by the end of the semester by attending tutoring sessions twice a week and completing all assigned readings."
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Description
Test your knowledge about SWOT analysis by answering questions about what SWOT stands for, examples of strengths, and components of the analysis.