Which of the following best defines a SWOT analysis?
A) It involves assessment of the strengths and weaknesses in an organization's internal environment.
B) It measures the tangible rather than the intangible assets of an organization.
C) It is conducted by regulatory agencies to measure the performance of organizations.
D) Its aim is to review internal processes independently of the external industry environment.

Question

Quizplus · Accepted Answer

A SWOT analysis is a strategic planning tool that involves the assessment of an organization's internal strengths and weaknesses, as well as external opportunities and threats, in order to develop a comprehensive understanding of the organization's position in the market. Choice A correctly defines SWOT analysis. Choice B is incorrect as SWOT analysis measures both tangible and intangible assets. Choice C is incorrect as regulatory agencies do not conduct SWOT analyses. Choice D is incorrect as SWOT analysis aims to review both internal and external factors affecting the organization.

Which of the Following Best Defines a SWOT Analysis