SWOT Analysis and SMART Goals

What would be a potential threat to a business? (two possible answers)

• Changes in technology and markets e.g. The internet.

• Ability to prioritize

• Flexibility

• Interruptions in the market

What does the acronym SWOT stand for?

• Strengths, Weaknesses, Octopus, Threats

• Strengths, Weaknesses, Opportunities, Threats

• Strengths, Weak points, Opportunities, Threats

• Strengths, Weaknesses, Opportunities, Time

List 2 strengths, weaknesses, opportunities and threats to having a fall festival at Wisdom (select 4 answers)

• Space, Diversity

• Bad Reputation, No Money

• Sharpstown having an event on the same day, weather

• Losing Money, bad reputation

• Making money, better reputation

Identify 5 steps in how to write up a good swot analysis?

• Add strengths and weaknesses, identify opportunities and threats, determine the objectives, sort by importance, draw conclusions.

• Determine the objectives, create a grid, label each box, add strengths and weaknesses, draw conclusions.

• Draw conclusions, Determine the objectives, create a grid, label each box, add strengths and weaknesses.

What is the purpose of performing a SWOT Analysis?

• Gives the management team a broader view on the potential opportunity

• Evaluates whether the business venture is a good idea.

• Identifies internal and external factors that may affect the business future performance.

• Access an organization’s performance

A business/organization has a poor reputation among customers , this would be a(n)

• Strength

• Weakness

• Opportunity

• Threat

New competitors are entering the market; this is an example of a(n)

• Strength

• Weakness

• Opportunity

• Threat

Strengths and weaknesses are external on a SWOT analysis

• True

• False

• I don't know

A SWOT analysis is a great tool to help organize a project.

• True

• False

• I don't know

A SWOT analysis examines internal and external environment.

• False

• True