Section 1 Test

Areas that can put the firm at a disadvantage if they are not corrected are called:

• Strengths
• Opportunities
• Weaknesses
• Threats

These are all outcomes of the SWOT process EXCEPT:

• Identify core competencies
• Create corporate culture
• Help for marketing and communication
• Capitalize strengths 

Political climate, economic shifts, laws and regulations, technology, industry trends, and competition are all examples of:

• External forces
• Weaknesses
• Core competencies
• External reviews

In a SWOT analysis, the O stands for

• options
• opportunities
• other
• outcome

What does the S in SMART stand for?

• Sarcastic - a goal must say one thing and mean another.
• Simple - a goal must be easy.
• Sample - a goal must be typical.
• Specific - a goal must be focused.

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

What does the M in SMART stand for?

• Maximum - there are no limits for goals

• Memorable - a goal must be easily remembered

• Measurable - a goal must have some kind of number attached so you have a way to know if you are reaching the goal.

• Mental - you have to be able to think about the goal.

What does the A in SMART stand for?

• Attainable - a goal must be reachable; you CAN do it.

• Admirable - a goal must impress people.

• Artistic - a goal must be creative.

• Academic - a goal must be scholarly and oriented towards learning.

What does the T in SMART stand for?

• Time-bound - the goal must be reached within a specific length of time.
• Thoughtful - a goal must take into account the feelings of others.
• Transferable - a goal should be able to be shared with other people.
• Trust-worthy - a goal should be worthy.
  

The "ER" stands for which two

• Evaluate

• Revise

• Edit

• Reform

A mission statement...

• is where the business wants to go in the future, it’s goals. It is a statement of purpose

• stated, measurable targets of how to achieve business aims. They act as stepping stones in achieving an overall aim. They give clear targets about the business, so plans can be made to reach these targets.

• sets out the business vision and values that enables employees, managers, customers and even suppliers to understand the underlying basis for the actions of the business.