This analytical tool is a framework used to determine an overall view of an organization's strategic position and highlights the need to assess the internal capability of the organization and the external situation the organization is facing.

Question

Quizplus · Accepted Answer

SWOT analysis is a strategic planning tool used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a business venture. It involves specifying the objective of the business venture or project and identifying the internal and external factors that are favorable and unfavorable to achieve that objective. This tool helps in assessing both the internal environment (strengths and weaknesses) and the external environment (opportunities and threats) of an organization.

This Analytical Tool Is a Framework Used to Determine an Overall