When a company makes use of SWOT analysis,one of its objectives is to do which of the following?
A) identify the best employees to fill each position within the organization
B) set specific short-term performance standards for each department
C) evaluate the desirability of issuing stocks or bonds in the current financial climate
D) identify the things it does well as an organization and the things it needs to improve

Question

Quizplus · Accepted Answer

SWOT analysis is used to identify the strengths, weaknesses, opportunities and threats for a company. The objective is to identify the things it does well as an organization and the things it needs to improve. A) is incorrect because SWOT analysis is not used to identify individual employees. B) is incorrect because short-term performance standards are not the primary purpose of SWOT analysis. C) is incorrect because evaluating the desirability of issuing stocks or bonds is a financial decision, not a strategic decision that SWOT analysis helps with.

When a Company Makes Use of SWOT Analysis,one of Its