logo
Ask Question

Asked by Shakia Balmer on May 28, 2024

verifed

Verified

A SWOT analysis involves an assessment of organizational strengths and weaknesses as well as environmental opportunities and threats.

SWOT Analysis

A strategic planning tool used to identify the Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

Organizational Strengths

The attributes and capabilities that give an organization a competitive edge in the market.

Environmental Opportunities

External factors or situations in the business environment that a company could exploit to its advantage.

  • Distinguish the techniques and resources utilized in strategic evaluation, such as SWOT analysis and BCG Matrix.
verifed

Verified Answer

SJ
suman jakhuJun 03, 2024
Final Answer :
True
Explanation :
A SWOT analysis stands for Strengths, Weaknesses, Opportunities, and Threats, and it involves analyzing both internal and external factors of an organization.

Related questions

A Dog on the BCG Matrix Is a High Market ...

What Is the BCG Matrix? What Are the Recommended Strategies ...

What Is SWOT Analysis? Discuss the Types of Issues and ...

The External Considerations of a SWOT Analysis Are Opportunities and ...

While Developing a Comprehensive Marketing Strategy,a Firm Needs to Determine ...