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What is the purpose of a SWOT analysis?
What is the purpose of a SWOT analysis?
- To create a vision and mission for the business
- To conduct environmental scanning and analysis
- To measure the goals and objectives of the business
- To determine challenges and opportunities in the business environments (correct)
Who originated the SWOT analysis tool?
Who originated the SWOT analysis tool?
- Peter Drucker
- Albert S. Humphrey (correct)
- Henry Mintzberg
- Michael Porter
Which stage in strategic management involves ensuring clear vision, mission, and measurable goals?
Which stage in strategic management involves ensuring clear vision, mission, and measurable goals?
- Stage 4
- Stage 3
- Stage 2
- Stage 1 (correct)
In what ways can a business apply a SWOT analysis?
In what ways can a business apply a SWOT analysis?
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Why is the SWOT analysis considered a useful tool for businesses?
Why is the SWOT analysis considered a useful tool for businesses?
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What does a SWOT analysis help identify?
What does a SWOT analysis help identify?
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Which of the following is an example of a weakness in a SWOT analysis?
Which of the following is an example of a weakness in a SWOT analysis?
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How are strengths and weaknesses different in a SWOT analysis?
How are strengths and weaknesses different in a SWOT analysis?
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What should a business focus on when identifying opportunities in a SWOT analysis?
What should a business focus on when identifying opportunities in a SWOT analysis?
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How should a business address its weaknesses identified in a SWOT analysis?
How should a business address its weaknesses identified in a SWOT analysis?
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