When looking for strengths and weaknesses, top management is:
A) assessing the external environment.
B) analyzing the competition.
C) evaluating the internal situation in order to define its distinctive competence.
D) wasting its time since it has no control over these things.

Question

Quizplus · Accepted Answer

Top management evaluates the internal situation to identify strengths and weaknesses and define the organization's distinctive competence or core competency. This process helps the organization to make strategic decisions about its future direction, allocate resources effectively, and gain a competitive advantage. Assessing the external environment and analyzing the competition are also crucial, but they are not the primary focus of identifying internal strengths and weaknesses. Option D is incorrect since top management has a significant influence over internal factors that can impact organizational performance.

When Looking for Strengths and Weaknesses, Top Management Is