Question
SWOT analysis is done by managers to help evaluate
various options and make a decision. What does O in SWOT stand for?Solution
SWOT analysis is a tool that helps a manager study a situation in four quadrants: · Strengths: Where does the organization excel compared to its competition? Consider the internal and external strengths. · Weaknesses: What could the organization improve? · Opportunities: How can the organization leverage its strengths to create new avenues for success. How could addressing a specific weakness provide a unique opportunity? · Threats: Determine what obstacles prevent the organization from achieving its goals.
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