SWOT Analysis

What does SWOT stand for?

• Strengths, Weaknesses, Opportunities, Threats

• Success, Weaknesses, Opportunities, Threats

• Strengths, Weaknesses, Opportunities, Trends

• Success, Weaknesses, Opportunities, Trends

Which factors are considered as internal in SWOT analysis?

• Strengths and Weaknesses

• Opportunities and Threats

• Strengths and Opportunities

• Weaknesses and Threats

What is the purpose of a SWOT diagram?

• To analyze a project or business venture

• To identify market fluctuations

• To assess government regulations

• To evaluate public perception

How can SWOT analysis help in decision-making?

• By visualizing the pros and cons of a project

• By identifying market trends

• By analyzing government regulations

• By evaluating public perception

What are critical success factors in SWOT analysis?

• Aspects of the business that are strong and give a competitive advantage

• Factors that put the business at a disadvantage

• Openings in the marketplace that can be taken advantage of

• External factors that may affect the business in a negative way

How can weaknesses be improved in SWOT analysis?

• By recognizing and leveraging them

• By identifying market fluctuations

• By assessing government regulations

• By evaluating public perception

What are opportunities in SWOT analysis?

• Openings in the marketplace that can be taken advantage of

• Aspects of the business that are strong and give a competitive advantage

• Factors that put the business at a disadvantage

• External factors that may affect the business in a negative way

How can threats be responded to in SWOT analysis?

• By finding ways to lessen or eliminate them

• By identifying market fluctuations

• By assessing government regulations

• By evaluating public perception

Why is it important to perform a different SWOT analysis for each part of the business?

• Because strengths and weaknesses may vary in different parts of the business

• Because opportunities and threats may vary in different parts of the business

• Because the overall SWOT analysis may become too complex

• Because it helps in prioritizing action points

What should be considered while doing a SWOT analysis?

• Keeping the SWOT diagram brief and to the point

• Including detailed explanations within the diagram

• Utilizing feedback only from employees

• Considering only internal factors