There are several approaches that assist in forming strategy,one of which is a(n)________ analysis.
A)internal
B)external
C)SWOT
D)organisational

Question

Quizplus · Accepted Answer

SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats) is a commonly used approach to formulate a strategy. It helps in identifying an organization's internal strengths and weaknesses and external opportunities and threats, which is crucial to developing a well-rounded strategy. Internal and organizational analysis can be helpful, but they do not take into consideration external factors that can influence a firm's success. Therefore, SWOT analysis is the best choice.

There Are Several Approaches That Assist in Forming Strategy,one of Which