A technique that helps managers summarize relevant and important facts from the internal and external analyses of an organization in order to formulate strategy is known as:
A) BCG matrix.
B) SWOT analysis.
C) benchmarking.
D) diversification.
E) functional strategy.

Question

Quizplus · Accepted Answer

A SWOT analysis is an assessment of the organization's strengths, weaknesses, opportunities, and threats. SWOT analysis helps managers summarize the relevant, important facts from their external and internal analyses.

A Technique That Helps Managers Summarize Relevant and Important Facts