What key tool is used to evaluate the organization's internal strengths and weaknesses in the 'Position Audit' or 'Situation Analysis' step?
Understand the Problem
The question is asking to identify the key tool used to evaluate the internal strengths and weaknesses of an organization during the Position Audit or Situation Analysis step, among several options provided.
Answer
SWOT analysis
The key tool used to evaluate an organization's internal strengths and weaknesses in the 'Position Audit' or 'Situation Analysis' step is a SWOT analysis.
Answer for screen readers
The key tool used to evaluate an organization's internal strengths and weaknesses in the 'Position Audit' or 'Situation Analysis' step is a SWOT analysis.
More Information
The SWOT analysis is a widely used tool in strategic planning to identify not just internal strengths and weaknesses, but also external opportunities and threats, aiding organizations in decision-making and strategic planning.
Tips
A common mistake is focusing solely on strengths and weaknesses without connecting these to external opportunities and threats. It's important to consider the complete SWOT matrix for comprehensive analysis.
Sources
- SWOT analysis: An easy tool for strategic planning | BDC.ca - bdc.ca
- How to Perform a SWOT Analysis - Investopedia - investopedia.com
- Internal Strengths & Weaknesses in SWOT Analysis - Study.com - study.com
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