Asked by Bryce Takeyama on Jun 19, 2024
Verified
Opportunities and threats are environmental conditions external to the firm that have limited benefit and are harmful to the organization.
Opportunities And Threats
External factors in the environment that an organization can exploit for its advantage (opportunities) or that could cause harm if not addressed (threats).
Environmental Conditions
The state of the physical surroundings within which an organization operates, including climate, natural disasters, and pollution levels.
- Explain the strategic significance of environmental scanning and SWOT analysis.
Verified Answer
JC
Johnny CavesJun 22, 2024
Final Answer :
False
Explanation :
Opportunities are external conditions that could benefit the organization, while threats are external conditions that could be harmful.
Learning Objectives
- Explain the strategic significance of environmental scanning and SWOT analysis.