Module 2A Quiz

What are internal factors that give an organization an advantage over others?

• Strong leadership, unique resources or capabilities, effective strategic planning, efficient operations, and a strong organizational culture.

• Lack of innovation, limited resources or capabilities, poor strategic planning, inefficient operations, and a weak organizational culture.

• Weak leadership, limited resources or capabilities, ineffective strategic planning, inefficient operations, and a weak organizational culture.

• High employee turnover, lack of resources, poor strategic planning, inefficient operations, and a weak organizational culture.

What are internal factors that limit an organization's performance?

• Lack of motivation, excessive bureaucracy, lack of innovation

• Lack of resources, poor leadership, inadequate communication, organizational culture, and outdated technology.

• Inefficient processes, lack of accountability, poor employee morale

• Inadequate training, lack of teamwork, outdated policies

What are external factors that can be exploited to benefit an organization?

• Customer loyalty, employee satisfaction, and internal processes.

• Product quality, customer service, and employee training.

• Economic downturns, natural disasters, and social media trends.

• Market trends, technological advancements, changes in government regulations, and competitor weaknesses.

What are external factors that could potentially harm an organization?

• Employee turnover, customer complaints, supply chain disruptions, cybersecurity breaches

• Political instability, labor strikes, product recalls, inflation

• Environmental pollution, legal disputes, currency fluctuations, market saturation

• Economic downturns, changes in government regulations, natural disasters, technological advancements, and competition.

What is the purpose of identifying strengths in SWOT analysis?

• To identify weaknesses and areas for improvement.

• To analyze external opportunities and threats.

• To evaluate financial performance and profitability.

• To understand internal competitive advantages or unique selling propositions.

What is the purpose of identifying weaknesses in SWOT analysis?

• To focus on strengths and ignore weaknesses.

• To understand areas of vulnerability and develop strategies for improvement.

• To ignore areas of vulnerability and continue with current strategies.

• To identify areas of vulnerability and avoid developing strategies for improvement.

What is the purpose of identifying opportunities in SWOT analysis?

• To identify weaknesses and threats in the market.

• To analyze the financial performance of the company.

• To evaluate the effectiveness of the company's marketing strategies.

• To determine potential areas for growth, innovation, and competitive advantage.

What is the purpose of identifying threats in SWOT analysis?

• To determine strengths and weaknesses.

• To evaluate market opportunities.

• To analyze financial performance.

• To assess potential risks and challenges.

Give an example of a strength in SWOT analysis.

• High employee turnover

• Weak financial position

• Lack of innovation

• Strong brand reputation

Give an example of a threat in SWOT analysis.

• Competition

• Changing consumer preferences

• Economic downturn

• Technological advancements