CISM Certification Domain 1: Information Security Governance Video Boot Camp 2019 - SWOT Analysis

The video tutorial discusses the importance of identifying internal strengths and weaknesses, focusing on staff capabilities and training. It also covers external opportunities and threats, emphasizing the need to adapt strategies to mitigate potential risks from economic changes, laws, and international events.

What is an example of an internal strength in a business?

• Economic stability

• Having a unique product

• Good staff and valuable assets

• New market opportunities

Why is it important to have redundancy in staff roles?

• To reduce training costs

• To ensure continuity if a key staff member is unavailable

• To increase competition among employees

• To limit the number of employees

What can businesses do to prepare for external threats?

• Ignore them and focus on internal strengths

• Prepare strategies to accommodate potential changes

• Rely solely on government support

• Increase production without considering external factors

Which of the following is considered an external threat?

• Having a skilled workforce

• High employee satisfaction

• Changes in international trade laws

• Owning valuable assets

How can a business leverage external opportunities?

• By expanding into new markets

• By ignoring market trends

• By reducing product quality

• By cutting down on marketing efforts