Question

    SWOT analysis is done by managers to help evaluate

    various options and make a decision. What does O in SWOT stand for?
    A Options Correct Answer Incorrect Answer
    B Objectives Correct Answer Incorrect Answer
    C Opportunities Correct Answer Incorrect Answer
    D Obstacles Correct Answer Incorrect Answer
    E Orders Correct Answer Incorrect Answer

    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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