The SWOT analysis is used in which step of the strategic management process?
A) Formulating strategy
B) Implementing strategy
C) Evaluating strategy
D) Analyzing the internal and external environments

Question

Quizplus · Accepted Answer

The SWOT analysis is used in the first step of the strategic management process, which involves analyzing the internal and external environments. This analysis helps organizations identify their strengths, weaknesses, opportunities, and threats, which can be used to inform the formulation of strategy. Once the SWOT analysis is complete, the organization can move on to formulating and implementing strategy, and evaluating its effectiveness.

The SWOT Analysis Is Used in Which Step of the Strategic