Question

A SWOT analysis can be used to identify and maximize strategic opportunities by classifying them into four categories. Which one of these categories is considered most ideal for growth and expansion?
A. Take advantage of strengths to maximize opportunities
B. Take advantage of strengths to minimize threats
C. Minimize weaknesses by taking advantage of opportunities
D. Minimize weaknesses and avoid threats
E. Minimize opportunities by avoiding weaknesses

Answer 1

Answer:

A. Take advantage of strengths to maximize opportunities.

Explanation:

SWOT analysis stands for strength, weaknesses, opportunities and threat. Strength and weaknesses are what the organization have control over or what can also be referred to as internal to the organization, examples include; your intellectual property and your employees or team members. While opportunities and threat are external, that is the organization has no control over them, example include; competition from other organizations or companies.

The SWOT analysis is used to determine the performance of an organization and it also enable the organization to develop strategic planning. It also assesses the internal and external factors that will lead to the success of the organization.